Joined Jun 2005
Let Sleeping Dogs Lie
Forum Thread
Paying off Mortgage Chase Bank
December 1, 2025 at
11:07 AM
Thread Details
I just sold my house and now want to pay off the mortgage on the house I purchased 2 months ago. I think it is just a matter of going online and getting the payoff amount then since my checking account is with Chase just do an electronic payment of 500K ? Anyone pay off a loan from name bank as checking account?
Do I need to do a wire transfer from Chase to Chase, or even dumber go to the bank and get a cashiers check for 500K then turn around and hand it to them to pay off my loan?
Do I need to do a wire transfer from Chase to Chase, or even dumber go to the bank and get a cashiers check for 500K then turn around and hand it to them to pay off my loan?
About the OP
3 Comments
Your comment cannot be blank.
Sign up for a Slickdeals account to remove this ad.
Do I need to do a wire transfer from Chase to Chase, or even dumber go to the bank and get a cashiers check for 500K then turn around and hand it to them to pay off my loan?
You likely have to talk to the loan officer and get the final amount for the day you want to pay it off (to confirm it matches whatever is online) and they should be able to tell you what payment method\process to use. When I did it a number of years ago, I had to write them a paper check for the amount on that day in question (local bank). I am sure by now they would have some electronic transfer or worse case you could wire it and ask them to waive the fee.
She agreed and said she could see the funds and the amount was correct. Next day I check my account and there are 5 payments on 99,999.00 I guess the system cannot handle more than 5 digits, as of today the remainder of the amount after 500k was paid shows as remaining but funded so hopefully tomorrow it will be at zero!