You'll get a letter stating that your mortgage is paid off, along with a statement showing a record of the payments. This is where you check to make sure they credited your payments correctly and that they're returning the excess of your escrow account (if applicable) to you.We are preparing to pay off our mortgage. I'm wondering what type of documents we should expect from the mortgage lender and exactly what our responsibilities are? Thanks.
You know that all the databases have been updated when you start getting junk mail solicitations offering to show you how to tap into your home equity...
Also you'll quit getting unsolicited offers to refinance your mortgage....
Yeah, now that I think about it NYC is a bit of a special case. Most people don't own their homes, so no mortgage originator would send blanket junk mail to everyone, rather they'd look up who actually has a mortgage.
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It really annoys me, here in Brooklyn, to get the auto insurance offers. I don't have, never have had, a car.
spam
ta,
mew
oh, congratulations to the OP - It is a great feeling to actually own your place.
If you were paying escrow, check with the insurance company and tax people to be sure of continuity of payments.
We are preparing to pay off our mortgage. I'm wondering what type of documents we should expect from the mortgage lender and exactly what our responsibilities are? Thanks.
We are psyched about the payoff; 12 years into a 15-year mortgage.