As we all know, the Family and Medical Leave Act (FMLA) requires covered employers to provide eligible employees with 12 weeks of unpaid leave during a 12-month period. Employers are allowed to define the 12-month period any way they wish â much like they are entitled to define the seven-day period that comprises a workweek [â¦]
In addition to this processing fee lenders also charge a fee to fax the payoff letter to you. Once again the fee can range from $5 to $60. Once you payoff your loan, the release of the mortgage must be filed.
You would pay 75% of the original value of your mortgage in interest. If you made an extra payment of $200.00 a month ($2,400/year) your total mortgage cost over the same term (25 years) would be reduced to $479,780. A reduction of $46,351 in interest and the mortgage would be paid off in 21 years.