Refinance Form

I/We authorize the release of payoff information for the above-referenced mortgage(s).

In the event this loan is secured by a Mortgage allowing for advances of a credit line, please be advised that this letter authorizes you to freeze the referenced credit line upon issuance of your payoff. If you require further authorization, please contact the undersigned immediately. Payment pursuant to your payoff will eliminate any security interest your have in the property in question. In order to avoid unsecured additional advances, the account must be frozen upon issuance of your payoff. If you make any additional advances, they will not be secured by the subject property. We will be completing an escrow/ closing transaction involving a new owner or lender in reliance on the release of your security interest in the property. Upon payment you will be obligated to issue a release of the Mortgage securing the line of credit.