Save Signed Mortgage Financing Agreement For Free

Contact the lender to tell them you want to cancel - this is called 'giving notice'. It's best to do this in writing but your credit agreement will tell you who to contact and how. If you've received money already then you must pay it back - the lender must give you 30 days to do this.

How long should I keep my refinance documents? Like your mortgage payment statements, you should keep any paperwork on your refinance for at least 3 years. Although, some professionals might recommend keeping it for at least 10 years.

Many experts advise holding onto certain mortgage documents for the life of your loan or beyond, or at least until you sell your home. ?Even if you pay off your mortgage, it is a smart idea to keep the paperwork,? says Roselina D'Annucci, a New York-based attorney with Serrano & Associates PC.

You must notify your lender in writing that you are cancelling the loan contract and exercising your right to rescind. You may use the form provided to you by your lender or a letter.

Loan documents: Keep the statement showing your most current balance on your car loan, student loan, personal loan and so on. Save the final statement, showing your balance is paid in full, for seven years.

Most homeowners typically keep their statements for about 3 years. Even though your lender will have copies of your monthly billing statements, it's a good idea to have the physical ones on hand. You may want to keep each one for a longer period of time if you notice a mistake on one of your statements.

Keep until you sell your home Closing documents: Retain a copy of any document signed during your home's closing as a backup. Some experts advise keeping this collection of forms for several years after you eventually sell the home, too.

The DRE requires that transaction files be retained for three years. This retention period begins as of the date of the closing of the transaction, or if there is no closing from the date of the listing.