From: rev_otis_mcnatt@yahoo.com
Newsgroups: misc.consumers.house
Subject: Paying off mortgage soon...a few questions please
Date: 4 Mar 2005 11:21:42 -0800
   posting-account=7gPrdgwAAAAKcYthKjeCGxIkRCSXukaG

I've been paying on my principal heavily every month for a while
in an effort to get the thing paid off, and will do so in a few
months.  I've read about "payoff statements" on CitiMortgage's
Website (they are currently handling my mortgage) and such, but
do I actually need to bother with such a thing?  Can't I just
keep chipping away monthly till the balance is zero?  Also, what
papers and documents should they send me when the mortgage is
paid in full?  What all is required to provide absolute proof
of ownership?  Is the deed akin to the title an owner has for
car ownership?  From what I've read, the deed simply *changes*
ownership.

BTW, if it makes any difference, this was a 15-year mortgage and
I'll pay it off in six, and there were never any prepayment penalties
or things like that connected with it.

Sorry if these all sound like dumb questions, but even though
I'm 48 years old, this was my first mortgage as I traveled around
the world a lot in my younger years, due to my work.  And I have
talked to several of Citi's phone people, but don't always have
a lot of confidence in what I'm told, for various reasons.
Today, I talked to an Indian (in India) when I called their
customer service #.  Thanks a bunch.

--
Otis