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The two phrases refer to exactly the same thing. No need to worry, they have the same legal effect.
It appears both documents have the same effect. But if you are referring to having your mortgage discharged, but you did not pay off the loan in full, it may mean that you still have an outstanding debt, but it is no longer secured by your propery (real estate) as its collateral.
The difference between renting a property and having a mortgage is that when you have a mortgage you are buying the property.
what is the difference between release forms and discharge forms in bankruptcy law..
DD214 is the discharge form. DD256 is the discharge certificate.
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The difference between a fixed second mortgage and one with a variable rate is that fixed second mortgage has a fixed rate and is commonly thought of as safer than a mortgage with a variable rate.
The difference between fixed and variable mortgages are that in a fixed mortgage, the rate can not change. In a variable mortgage, the rate changes with time.
There is obviously no difference, just choice of words.
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There are many differences between a wholesale mortgage lender and a mortgage banker. Lenders lend the money to fund loans and the bankers may be secondary lenders.