For many homeowners, paying off a mortgage is a milestone worth celebrating: what documents should you keep after your mortgage is paid off?
Absolutely. Even if you’ve paid off your mortgage, your Owner’s Policy remains one of the most important documents you own. The Owner’s Policy and your Vesting Deed proves legal ownership of your home. Without it, you could face challenges if you ever decide to sell, refinance, or transfer ownership. The Owner’s Policy is not something you want to misplace or destroy—it’s your permanent proof of ownership as long as you own the property.
When your mortgage is paid in full, your lender will issue a Release of Deed of Trust. This document confirms that the lender no longer has a financial interest in your property. You will want to make sure this document is filed with local county Public Trustee office, and you should keep a copy for your records. This document is critical because it can help to show that your home is free and clear of the debt created by that Deed of Trust (mortgage).
Here’s a quick checklist of what you should hold onto after paying off your mortgage: Owner’s Policy and Vesting Deed; Release of Deed of Trust; Final Mortgage Statement; Property Tax Records; Homeowner’s Insurance Policy.
Life happens—whether it’s selling your home, refinancing for renovations, or settling an estate, these documents will save you time and stress. Without them, proving ownership or clearing up an old mortgage can become complicated and costly.
Feel free to reach out anytime if you have questions about your title quote or the closing process. I’m here to help guide you to the right resources and connect you with trusted title professionals who handle these questions every day.
