Guides to paying off early

Two short guides to the paperwork around an early payoff. Each one names its sources.

Getting a payoff statement from your servicer What a payoff statement contains, how fast a servicer must send it under Regulation Z, and why it is not the balance on your statement. Read → Prepayment penalties under federal rules Which loans may carry a prepayment penalty under Regulation Z, how long it can last and the maximum percentages, with where to find it in your documents. Read →