The Mortgage Brothers Show

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Why Is My Mortgage Payoff Higher Than My Mortgage Statement Balance?

09-25-2020About MortgagesEddie Knoell

One question we get a lot of the time is why is my mortgage payoff higher than my mortgage statement balance? Why is it higher than I thought? Some people have asked us if part of this balance is a markup or overage on our behalf. So, let’s just get that right out of the way. It’s not. The difference is not due to any markup or overage. We don’t keep anything.

So, what gives?