A few years ago, I asked for advice on purchasing a house. Back then I was nervous about qualifying for a mortgage, and I was seeking info on the pros/cons of even having a mortgage. Well, I bought the house and have lived there happily.
Well, the mortgage was taken over by Chase shortly after closing. All went smoothly until Chase f*cked up. After that issue was resolved, I was nervous and began paying even more extra toward the principal.
So, I now find myself paying off my mortgage later this year or early next year. I have a few questions:
- Do I need legal help doing this, or do I just mail my last payment?
- After I pay it off, do I get any documentation?
- How do I handle paying taxes without my mortgage escrow?
- I’m thinking about buying another house (for vacation/investment). With my primary residence paid for, will a mortgage be easy to get, with current economic climate?
- Any other advice?