I have a primary mortgage that I’m about 9 years into, and a HELOC that I’m about 5 years into. I am current with the payments, and have both through my primary credit union where I do all my D2D banking, and I don’t have any issues or complaints with the deals.
I was cleaning out some files and have about a 6 inch pile of paper - initial disclosures through final executed copies of all the documents.
Other than the title insurance docs, Do I need to keep all this paper?
Not really a GQ answer, but you never really know if or when some part of that documentation might be needed. I would seal it in a box and stow it out of the way somewhere.
FWIW, my father once told me you keep all mortgage documentation until you no longer have the mortgage (and any/all refinanced mortgages on the property) and you own the property outright. Then you keep the property documentation until you die, or you sell the property, whichever comes first.
Thanks for the replies, which are what I thought, and it is easy enough to store.
Sorry if I put the question in the wrong place - it was my first OP.
In theory, the bank has it, but you never know. I’ve got all of my mortgage and deed paperwork sealed in a “food saver” vacuum bag so it stays clean and dry, and it lives in my fireproof safe.
Very unlikely the bank has any originals, just scans of them. Which also might be a good idea on your part to scan everything in.