Money magazine Comments - About to pay off your mortgage? Here's what you need to know So you want to pay off your mortgage. But it's not as simple as making one last payment to the bank. Here's what you need to know. https://www.moneymag.com.au/feed/latest?story=141461333 Wed, 25 Apr 2018 08:09:18 +1000 Wed, 25 Apr 2018 08:09:18 +1000 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - About to pay off your mortgage? Here's what you need to know https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png Comment by C ()

Thanks for this article, we have about $3000 to pay on our mortgage and $14, 000 redraw available. I've been trying to convince my husband to use the redraw for some renovations, as even though we have the cash to cover the reno', if it turns out not to be enough a personal loan will cost us a lot more than keeping our mortgage going for another couple of years. We're both under 55 year old and hopefully have 20 or 30 years left.

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]]> C () Wed, 25 Apr 2018 08:09:18 +1000 Comment by Money ()

Hi C,

You may be interested in this piece from Paul Clitheroe on keeping a mortgage as a line of credit for renovations:

https://moneymag.com.au/close-paid-off-mortgage/

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]]> Money () Wed, 25 Apr 2018 08:24:01 +1000 Comment by Asif Amin ()

After closing the loan account Should i keep the title documents are back out silly for return to me?

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]]> Asif Amin () Wed, 23 Sep 2020 12:25:46 +1000 Comment by Richard Henson ()

We have paid our mortgage off 3 years ago but havnt received any advice as to who holds our deeds ,the cba or conveyancing Solicitors ,what shall we do to locate who is holding our property deed .

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]]> Richard Henson () Fri, 02 Jul 2021 16:32:31 +1000