Repaying Your Mortgage
When you take out a mortgage, you also “sign over” your house to your lender. Accordingly when you repay your mortgage, you should get your house signed back over to you. This is the Discharge of the Security.
Many lenders encourage you to leave your house signed over to them but this is usually in the hope that if you wish a mortgage in the future, you will use them instead of shopping around.
McClure have a special deal for Discharges.