How do I get my title after paying off my mortgage?
Asked by: Kenneth Little | Last update: September 23, 2025Score: 4.4/5 (9 votes)
When I pay off my mortgage, should I receive a title?
You do not get a title to your house when you pay it off, the way you do when you pay off your car loan. When you bought the house, you received a deed, which was recorded in the public records of Hillsborough County to show everyone that you were the owner of the house.
Where to get house title after paying off mortgage?
Go to the recorder's office or county clerk's office. You'll be able to get your deed and the satisfaction of mortgage. Those are the 2 docs you want.
What are the next steps after paying off a mortgage?
- Collect documents from your servicer. ...
- Update your homeowners insurance. ...
- Pay your own property taxes. ...
- Get in touch with your accountant. ...
- Keep an eye on your credit score. ...
- Should you pay off your mortgage early?
What documents do you get when you pay off your mortgage?
Receive mortgage documents: The mortgage company will send you a canceled promissory note, updated deed of trust and certificate of satisfaction. These documents prove that your mortgage is paid off.
Next Steps After Paying Off Your Mortgage
Do you get a letter when you pay off your mortgage?
Traditional lenders, such as brick-and-mortar banks, may mail you a paper mortgage payoff statement. Online lenders may send a payoff statement online.
How do I get a copy of my paid-off mortgage?
After you pay off your mortgage, your lender should also return the original note to you. You can also contact the company that paid off your loan to find out if the lien was released.
What do I do once my house is paid off?
Once your mortgage is paid off, you'll receive a confirmation from your lender. You're now responsible for paying your homeowners insurance and property taxes. Going forward, it's important to reassess your budget and financial goals.
Do you get a tax break for paying off your house?
You can deduct the mortgage interest you paid during the tax year on the first $750,000 of your mortgage debt for your primary home or a second home. If you are married filing separately, the limit drops to $375,000.
How long does it take to get a lien release from US Bank?
Please allow seven to 10 business days for the lien release, after the vehicle loan is paid in full. In the event we didn't receive a paper title, a notarized lien release notice is mailed to you. Take this notice to the local licensing agency and request a lien-free title.
Does the bank hold the title to my house?
Myth: The bank owns your house when you have a mortgage. Reality: You own the house; the bank holds a lien on the property. Myth: You don't really own your home until the mortgage is paid off. Reality: You own your home from the moment the deed is transferred to you, regardless of the mortgage.
How do I get a copy of my property title?
If you weren't able to find your deed online, then your next step is to contact your County Recorder's Office. You can also pay them a visit in person. Here, you can speak with a customer service representative and request help locating and obtaining a copy of your deed.
What happens when my mortgage is paid off?
The lender will send you a closing letter and a discharge note to confirm you have paid off your mortgage. You will also receive some paperwork that will need completing. After this is complete, your mortgage lender will remove the charge on your property.
How do I get the title to my house once it's paid off?
A full reconveyance is also the same as a deed of reconveyance. It is a document that proves your loan has been paid in full and there is no longer a lien on the property held by a mortgage lender. In California, the deed of reconveyance is known as a full reconveyance form.
How long does it take to receive the deed to your house?
A: Anywhere between 14 to 90 days after closing.
A properly recorded deed can take anywhere from 14 days to 90 days. That may seem like a long time, but your local government office goes over every little detail on the deed to make sure the property is correct and there are no errors.
When you pay off a loan How do you get the title?
When your loan is paid off, you will need to update the paperwork with the DMV or other state office. According to Shinn, your lender will send you a lien release in states that require you to file to get your title.
What is the downside of paying off your house?
Paying off your mortgage early is a good way to free up monthly cashflow and pay less in interest. But you'll lose your mortgage interest tax deduction, and you'd probably earn more by investing instead. Before making your decision, consider how you would use the extra money each month.
Do you still have to pay property tax after house is paid off?
Once you pay off your house, your property taxes aren't included in your mortgage anymore, because, voila! You don't have one. Now it's on you to pay property taxes directly to your local government.
Do you get more taxes back if you pay a mortgage?
You can usually deduct mortgage interest on your tax return. The loan must be secured by your home. The loan's proceeds must be used to buy, build, or improve your main residence. It can also be used for one other home you own and use for personal purposes.
How do I get my deed after paying off my mortgage?
You must obtain the property deed through your county.
If you need a copy of your property deed, we advise you to contact the county your mortgage is recorded in or check their website for instructions on how to request one.
What happens after you fully pay off your mortgage?
Once your mortgage is paid off, you'll typically be responsible for future homeowner's insurance and property tax payments. Establishing a pre-emptive plan to manage these payments independently can help keep things running smoothly.
How to pay taxes after a mortgage is paid off?
I paid off my mortgage. What do I do next? Congratulations on paying off your mortgage! Your taxes will no longer be paid from your escrow account, so you are responsible for paying them directly to the Hancock County Treasurer's Office.
Who holds the deed to my house?
When a home is owned free-and-clear, the homeowner is the rightful owner and thus holds the deed to the house. However, if the homeowner is still paying a mortgage, then they technically do not fully own the house yet. In this case, the deed may be held by the mortgage lender.
How long does a bank have to release a mortgage lien?
In most cases, the lien holder (the lender in this case) should send the release to be recorded within 30-90 days. If you aren't sure what the requirements are in your area, reach out to your real estate agent, title agent, or real estate attorney for guidance.
How do I get a copy of my mortgage deed?
If you need to obtain a copy of your mortgage agreement, you will need to do so at the office where the mortgage is filed.