The HUD Prepayment Disclosure is a required document that tells you about the difference between your principle balance and the actual payoff balance. It explains if you want to pay it off, this is how much it may cost.

The disclosure may appear to be a payoff statement; however, it is not. This document is not a request to pay off your loan. It just provides you with information on how much your loan will cost you.

To learn more, check out our video on how to access your tax documents digitally.