Accountancy, asked by khadermohd1824, 5 months ago

a detailed statement reflecting the amount necessary, and under what conditions to pay the loan in full, is called

Answers

Answered by Abhijeetroy

Explanation:

A payoff statement is a statement prepared by a lender providing a payoff amount for prepayment on a mortgage or other loan. A payoff statement or a mortgage payoff letter will typically show the balance you must pay in order to close your loan.

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