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    steph2011's Avatar
    steph2011 Posts: 11, Reputation: 0
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    #1

    Jul 12, 2012, 10:32 AM
    Home deed
    If you take a loan out for a house do you get the deed before the loan is paid off or after?
    Wondergirl's Avatar
    Wondergirl Posts: 39,354, Reputation: 5431
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    #2

    Jul 12, 2012, 10:41 AM
    You get the deed when the mortgage (loan) is paid off.
    LisaB4657's Avatar
    LisaB4657 Posts: 3,662, Reputation: 534
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    #3

    Aug 5, 2012, 05:41 PM
    It depends on the state where the property is located. In states that use a Deed of Trust you get the Deed when the loan is paid off. In states that use a Mortgage you receive the Deed when you close on the purchase. The original Mortgage Note and Mortgage get returned to you after the loan is paid off.
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