Quote from: TheCollegeInvestor on April 10, 2017, 08:38:34 pm
All lenders will give you the payoff amount - it's no secret. If you can pay it off, do it!
All you need to do is just call your lender and give them a date - they calculate the interest and you can pay it. Worst case scenario is you miss it a few days and owe a little on your next statement - so always be watching it until you get confirmation you're paid in full (and then keep that statement).
Thank you again. So the payoff amount would be MORE than the principle due to interest?
Also, will my credit score be impacted by applying for loans to refinance? Say, if I shop around and apply with 4 or 5 lenders to find the best rate?