Payoff Month | Mortgage Glossary | Realestateagent.com

Definition of "Payoff Month"

Cindy Young

Point South Realty

The month in which a zero loan balance is reached. The payoff month may or may not
be the loan term.

Record of insurance policies sold to an individual. ...

Horizontal supports for the ceiling of a structure. ...

Person leaving from work to spend time in leisure activities. pay in full the balance on a debt e ...

Act in which an irrevocable gift is made by the parent to the child. For children less than age 14, ...

Loss experience of a given insured. ...

Also called offering price, ask price or asking price. (1) The price at which real estate is offered ...

You need separate coverage for the variety of risks you face when storing, launching, hauling or run ...

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

An appraisal is an estimate of the value of a certain property by a qualified, independent individua ...

Loss of luggage Loss of travel documents Cancellation and lost deposit expenses Medical expens ...

An index is an economic indicator used to set the rate for adjustable-rate mortgages. ...

This calculator figures how much interest savings you will have depending on how much extra you pay ...

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