You've paid off your mortgage - now what?

If you’ve recently paid off your mortgage, it’s time to celebrate. That means you’ve likely made monthly payments over multiple decades and had to make significant financial sacrifices along the way. But just because you’ve reached the finish line on financing doesn’t mean all your homeownership tasks are done.

Take time to better understand what you should expect after you pay off your mortgage, if any paperwork is needed, how it can impact your credit, to-dos related to escrow accounts, property taxes, and homeowners insurance, and what to do with that extra money you’ll pocket by reading my newest piece for The Mortgage Reports, available here.