Home loan payoff – secure your pension

Home Loan Payoff

The City of San José processes requests for payoff demands of existing homebuyer and home repair loans, and affordability restrictions (i.e., equity-share agreements).  The payoff demand processing fee is paid in escrow.

Please see more information in the Payoff Demand Instructions.  For questions, please email to Asset.Payoffdemands@sanjoseca.gov or call 408-975-4466.

Single Family Administration
Re-Subordination of CalHFA Subordinate loansp: 800.669.1079f: 916.326.6420
subloans@calhfa.ca.gov
Servicing of Subordinate Loans and Loan Payoff Demandsp: 800.669.1079f: 916.326.6420
subloans@calhfa.ca.gov

MOHCD Loan Payoff

Information for lenders

MOHCD loans can be paid off before the loan term ends. Normally, this happens when the owner sells their home, or violates our program requirements.


To request a payoff

  1. Complete the PDF icon Loan Payoff Request Package
  2. Compile the form and required documents into one PDF file.

Upload your documents with Sharefile
Sharefile will ask you to create an account

There are many reasons a homeowner wanted to payoff their mortgage loans. There is tax incentives to not payoff your home loan.

But if you already paid up the balance of your home loan, you can still use your current savings (IRA, etc) or do a reverse mortgage to buy a personalized pension (fixed Index annuity) and or a life insurance with living benefits, access of your face amount during terminal, critical or chronic illness.

Contact Connie Dello Buono, 0G60621 at 408-854-1883 connie@connielifeins.com http://www.lifeinsurance4women.com

Protect your mortgage payment with term life

Mortgage Protection using term life insurance (decreasing for 15 yrs until loan balance is fully paid)

HMS Plus Payment Protector is decreasing term life insurance from Americo Financial Life and Annuity Insurance Company, designed to help protect your mortgage payment in the event of your death. The death benefit is paid to your beneficiary in monthly income payments.

A 63 yr old female has a loan balance of $42k and wanted to protect it should she die. An accidental benefit rider in this plan doubles the amount of death benefit. A monthly premium of $55.27 with death benefit of $41k allows her family enough time to plan for keeping or selling her house upon her death.