Written by • July 23, 2010• 4:55 AM• General • Views: 1

Written by

General
July 23, 2010

Payout Statement (Discharge Statement)

A statement given by a lender (mortgage holder) to the mortgagor (borrower) setting out how much must be paid to discharge the mortgage.

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Last modified: July 23, 2010

Robert McLister is one of Canada’s best-known mortgage experts. A mortgage columnist for The Globe and Mail, interest rate analyst and editor of MortgageLogic.news, Rob has been covering Canada's mortgage market since 2007.

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