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Calculating Payoffs with Subsidy

How does Farmers Home Administration calculate payoffs when subsidy is involved?


Mortgage loan payoffs will be calculated based on your loan agreement. The interest that is accumulated based on the prescribed accrual basis, any fees owed, plus the remaining principal. If there are fees between lenders, servicers, or others, that may be addressed in a separate agreement to which only those parties would be privy.

Published on BankingQuestions.com 4/09/10