Money magazine Comments - Ask Paul: We paid off the mortgage but we're scared to close the account Maureen and her husband have paid off the mortgage but haven't discharged the $300,000 loan in case their kids need help. https://www.moneymag.com.au/feed/latest?story=174303384 Wed, 30 Dec 2020 16:50:19 +1100 Wed, 30 Dec 2020 16:50:19 +1100 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - Ask Paul: We paid off the mortgage but we're scared to close the account https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png Comment by Peta Fairweather ()

Paul, what about the actual discharge of the mortgage? Family and friends in the banking or finance industry have advised me to never discharge a mortgage due to the (low but real) risk of property fraud. Your thoughts are welcome.

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]]> Peta Fairweather () Wed, 30 Dec 2020 16:50:19 +1100