Discharge of mortgage 2025

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The document is a Discharge of Mortgage certifying that a mortgage dated August 16, 2007, has been paid or satisfied and can be officially discharged. It includes acknowledgments from the involved parties and notarization to confirm the authenticity of the signatures and actions taken.

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Click ‘Get Form’ to open the discharge of mortgage document in the editor.
Begin by entering the date of the original mortgage, which is August 16, 2007, in the designated field.
Fill in the names of the mortgagor and mortgagee where indicated. Ensure that all parties involved are accurately represented.
Specify the amount secured by the mortgage and any applicable interest rates in the appropriate fields.
Provide details about where this mortgage was recorded, including county and state information, as well as book and page numbers.
Sign and date the document at the bottom where indicated. If applicable, have a notary public witness your signature.
If representing a corporation, ensure that an authorized officer signs and includes their title. The notary must also acknowledge this signing.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What happens to a discharged mortgage?

It signifies that the loan has been fully paid and that the lender no longer has a claim on the property. Once a mortgage is discharged, the borrower gains full ownership of their home without any encumbrances from the lender.

What happens when a mortgage is discharged?

If you can afford to make extra payments, overpaying your mortgage means you pay less interest in the future and pay off your mortgage sooner. This means you could save a lot of money.

What is the difference between a release and a discharge of a mortgage?

A release of mortgage, commonly known as a discharge of mortgage, is a legal document issued by the lender acknowledging that the mortgage debt is settled. It effectively releases the property from the lien, allowing homeowners clear ownership.

Why do I have to discharge my mortgage?

There are three main reasons to discharge your home loan: Selling your property (sale) Repaying your home loan in full (payout) Refinancing your home loan with another lender (refinance).

Is it a good idea to clear your mortgage?

When you change lenders, the information on your propertys title must be updated. You, your lawyer or your notary must discharge the mortgage and add your new lender to your propertys title. Some lenders charge other fees, including assignment fees when you switch to another lender.

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Is it good to discharge a mortgage?

You may not want to discharge your mortgage if you plan on using your home as security for a loan or line of credit with the same lender. This includes options such as HELOC s. Learn more about HELOCs .

Why do I need to discharge my mortgage?

Lenders will typically charge a set fee if you want to discharge your mortgage. This is to cover the legal and admin involved in processing this paperwork. You may also hear lenders refer to an exit, termination or settlement fee. Mortgage discharge fees are set by individual lenders and can range from $350 to $1,000.