Mortgage Discharge
When you pay off your mortgage in full, you need your lender to remove the lien they have placed on your property. In order to do this, your lender will provide you with a Mortgage Discharge Statement that gets registered on title to your property. It certifies the property is completely free from that mortgage debt. Time to celebrate!
About The Author
Don Scott
Don Scott is the founder of a challenger mortgage brokerage that is focused on improving access to mortgages. We can eliminate traditional biases and market restrictions through the use of technology to deliver a mortgage experience focused on the customer. Frankly, getting a mortgage doesn't have to be stressful.
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