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[Music] the purpose of this video is to kind of define what a payoff statement is give some helpful tips around getting a payoff statement make sure you guys are fully equipped when it comes time to pay off your loan um if you are a subscriber of this channel welcome back if not make sure you subscribe and like the videos uh all those subscribes and likes helps get this information out to all of the homeowners out there who could use this help so pay off statements when you get to a certain point in the process of either selling your home or wanting to pay everything off youre going to need to request a payoff statement it sounds very straightforward a payoff statement is just a document that tells you this is the amount to fully pay off the loan the difference between a payoff statement and a reinstatement quote is simply around what youre trying to do so if youre just trying to bring your loan current meaning pay everything that you missed and then move forward making regular mor