[ShopVac]

Originally Posted by vreihen16

I don't have a picture of Chez Vreihen handy, but my DW and I went to the bank this afternoon with three shiny pennies to pay off the remaining balance on our mortgage to officially buy our house. The bank's app would not let me pay the entire balance online (hence still owing $0.03), because they needed us to come in and pay in person to sign papers and pay some title/transaction fees to remove them as a lien holder.....

The last payment for us was a pain in the ass. And the bank still F'd it up in the end. I think ours was with Chase.

They should refund your escrow - and don't forget you're in charge of paying the taxes yourself now. Not saying I may have missed...but it may have happened.

[Vinnrox250]

Originally Posted by Pauly Wauly

I bought 3 more Porsche's so I can get a GT3 Touring allocation

Haha same- but ornaments! And 2 more 911’s on the way!

[vreihen16]

Originally Posted by ShopVac

They should refund your escrow - and don't forget you're in charge of paying the taxes yourself now. Not saying I may have missed...but it may have happened.

Our credit union just changed their online web and app banking software in early November, and for some reason the payoff amount shown in November and actual loan balance differed by $0.03. When we checked on 12/1 after making the November payment, it said that our December payoff was next month's escrow plus three cents of remaining balance. So, we walked into the branch office today with three shiny pennies for the satisfaction of making the final payment in cash.

The loan specialist that we met with said that the app will not accept final payment to close a mortgage account early, because we needed to sign paperwork and pay a few hundred dollars of unexpected fees to file for the lien release with the county and a few other clerical things. Those clerical fees also included them notifying our home insurance and town/school tax collectors to send their bills to us from now on, and remove them as a lien holder or loss payee everywhere. If we were paying on their payment schedule and not my crazy pace, those forms and an explanation letter would have all been mailed with the last payment statement instead of us having to visit their branch office and be surprised.

They will be issuing a check for the escrow balance in a few days, and I plan to deposit it into an unused savings account and keep adding the former escrow's tax/insurance payment amounts to it monthly so there are no painful surprises when those bills come in.

Payments into our retirement Garage Mahal construction fund start at the end of this month.....

[ShopVac]

Originally Posted by vreihen16

The loan specialist that we met with said that the app will not accept final payment to close a mortgage account early, because we needed to sign paperwork and pay a few hundred dollars of unexpected fees to file for the lien release with the county and a few other clerical things. Those clerical fees also included them notifying our home insurance and town/school tax collectors to send their bills to us from now on, and remove them as a lien holder or loss payee everywhere. If we were paying on their payment schedule and not my crazy pace, those forms and an explanation letter would have all been mailed with the last payment statement instead of us having to visit their branch office and be surprised.

I think it took us about 2 months to fully close out the loan, and we also had some undisclosed fees at the end (oddly, I think someone bought out the mortgage in the final year...which once the loan interest was out, don't quite get the purpose other than these closing fees). I know we were attempting to close 6 months early on the 10 yr loan, thought that was why they were giving us issues.

Needless, was a pain - but nice when it finally happened. Congrats!

[Pauly Wauly]

Originally Posted by Vinnrox250

Haha same- but ornaments! And 2 more 911’s on the way!

Are you giving your wife hints for a Christmas gift?

[Vinnrox250]

Originally Posted by Pauly Wauly

Are you giving your wife hints for a Christmas gift?

Hahahaha. I wish. I just picked up this- so I don’t think I’ll be getting a Porsche anytime soon. lol. And this passes the test. G80 has a big brother now haha.