The best lenders will take several steps once you have made your final mortgage payment. The first step is to process your payoff amount, and show your account as paid in full. The next step is to report the loan as “paid in full” with the major credit reporting agencies, including Equifax, Experian and TransUnion, among others that they may report information to each month.

from Larry Easterling Broker Associate Cook Realty http://ift.tt/1u11SnG