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Can you discharge your 2nd mortgage?
Yes. You can pay it off and get a discharge from the lender.Yes. You can pay it off and get a discharge from the lender.Yes. You can pay it off and get a discharge from the lender.Yes. You can pay it off and get a discharge from the lender.
How Do you discharge a mortgage?
If you are the mortgagor, you pay the mortgage off and request a discharge from the record owner of the mortgage if the original mortgage was assigned. The discharge must be recorded in the land records.If you are the mortgagee you can draft a release listing the names of the mortgagors, the date of the mortgage and the recording information and a statement that the mortgage has been satisfied in full. It should be signed by the mortgagees, acknowledged and recorded in the land records. You can also obtain a mortgage discharge at an office supply store, online or visit the land records office and get an example of a recorded mortgage discharge to use as a model.If you are the mortgagor, you pay the mortgage off and request a discharge from the record owner of the mortgage if the original mortgage was assigned. The discharge must be recorded in the land records.If you are the mortgagee you can draft a release listing the names of the mortgagors, the date of the mortgage and the recording information and a statement that the mortgage has been satisfied in full. It should be signed by the mortgagees, acknowledged and recorded in the land records. You can also obtain a mortgage discharge at an office supply store, online or visit the land records office and get an example of a recorded mortgage discharge to use as a model.If you are the mortgagor, you pay the mortgage off and request a discharge from the record owner of the mortgage if the original mortgage was assigned. The discharge must be recorded in the land records.If you are the mortgagee you can draft a release listing the names of the mortgagors, the date of the mortgage and the recording information and a statement that the mortgage has been satisfied in full. It should be signed by the mortgagees, acknowledged and recorded in the land records. You can also obtain a mortgage discharge at an office supply store, online or visit the land records office and get an example of a recorded mortgage discharge to use as a model.If you are the mortgagor, you pay the mortgage off and request a discharge from the record owner of the mortgage if the original mortgage was assigned. The discharge must be recorded in the land records.If you are the mortgagee you can draft a release listing the names of the mortgagors, the date of the mortgage and the recording information and a statement that the mortgage has been satisfied in full. It should be signed by the mortgagees, acknowledged and recorded in the land records. You can also obtain a mortgage discharge at an office supply store, online or visit the land records office and get an example of a recorded mortgage discharge to use as a model.
What is a decent amount to pay for a refinance fee?
When you refinance, you pay off your existing mortgage and make a new one. You might even choose to combine a primary mortgage & a second mortgage into a new loan.
What is the difference between a full discharge of mortgage and a discharge of mortgage?
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.
What is the meaning of a loan origination fee?
A loan origination fee is a term that describes a fee charged by the lender to pay for the costs of evaluating, preparing and submitting the proposed mortgage loan.
How do you correct and accidental discharge of mortgage?
If you are referring to accidentally recording a discharge of mortgage, and you did NOT intend on releasing the mortgage...the solution is to re-record the mortgage with the registry of deeds. If the discharge was properly signed and executed, then it is legally valid and you can not defend it in legal proceedings. Your loan is no longer attached to the properly upon properly releasing the mortgage with a mortgage discharge.
What does bank provide when you pay off mortgage?
It must provide a discharge of the mortgage that must be recorded in the land records. Some states require that the lender do so at its expense.
What are the benefits of a no fee refinance mortgage?
A no fee refinance mortgage can save you money by eliminating upfront costs such as application fees, appraisal fees, and closing costs. This can make refinancing more affordable and potentially help you lower your monthly mortgage payments or pay off your loan faster.
Where to get the form for mortgage discharge?
Traditionally the mortgage provider will have the mortgage discharge forms. Contact the home retention department for information and they usually have the information needed.
What is discharge of mortgage?
A mortgage grants an interest in the real estate to the lender. Once it is paid in full, a mortgage discharge must be recorded in the land records. A recorded mortgage discharge certifies that the mortgage has been satisfied and releases the interest of the lender in the property and thereby clears the title.
Do you have to have a deed for someone to pay off your mortgage?
No. If you have a mortgage the person can contact your lender to obtain a pay off amount, in writing. The lender will send a discharge to you (that must be recorded in the land records) or to the land records office when the balance has been paid.No. If you have a mortgage the person can contact your lender to obtain a pay off amount, in writing. The lender will send a discharge to you (that must be recorded in the land records) or to the land records office when the balance has been paid.No. If you have a mortgage the person can contact your lender to obtain a pay off amount, in writing. The lender will send a discharge to you (that must be recorded in the land records) or to the land records office when the balance has been paid.No. If you have a mortgage the person can contact your lender to obtain a pay off amount, in writing. The lender will send a discharge to you (that must be recorded in the land records) or to the land records office when the balance has been paid.
how can one obtain a mortgage loan that has no cost to the lender?
When you take out a mortgage you are agreeing to payback over time a certain percentage above and beyond the initial sum stipulated in the Mortgage. There is no fee that the lender has to pay as they are the ones setting up the mortgage with you and you alone.
