Q: I have a small condo I just paid off. After watching your Expert Real Estate Tips YouTube Channel, I contacted my mortgage company requesting documentation. The only documents they provided were a letter stating the loan is paid in full and a certificate of satisfaction of the mortgage.
Are these two documents all I need to prove that I paid off my mortgage or do I want them to give me anything else? Do I need to keep a copy of the title insurance for my records? Is it still valuable? And, is it safe to shred the loan application and any documents relating to the loan?
A: Here’s some good news: Your lender gave you just about everything you need. The lender told you that your loan is paid in full and gave you the documentation stating that the lien or trust deed on your property has been released.