When you pay off your mortgage do you get a deed? Once you pay off your loan, the release of lien tells the world your property is no longer encumbered by that lien. To summarize, you need to get back your original note, mortgage, the release document and final statement from the lender showing your loan paid in full. That should be it.
Do mortgage brokers assume risk? Mortgage Guide Mortgage banks assume all risks of loans they make, should the loans develop problems. Correspondent lenders do... more