Closed on Your Home? Don’t Toss Those Docs Just Yet!
I was at a closing recently where the attorney reminded the buyers not to save anything—because they’d get a digital copy. And while we love the convenience of technology, there are still some key documents you should absolutely hold on to—forever.
I say this from personal experience: When we refinanced our home, an old lien from a paid-off loan with a big-name bank was still showing up on the title. After days of getting nowhere with customer service, I finally emailed the CEO (yes, really!). Miraculously, the lien release was FedExed the next day.
Key Documents to Always Save (Forever)
As you’re settling into your new home, here are a few documents you should always keep, whether digital or paper:
- Promissory Note – The IOU you signed to borrow money. When your loan is paid off, you’ll get a copy marked “Paid in Full.” Save that forever.
- Security Deed / Mortgage Deed – Proves your lender had a lien on the property. When the mortgage is paid off, it’ll be canceled—keep that forever too.
- Owner’s Title Insurance Policy – This protects you from issues like unknown liens, heirs, or boundary disputes—valid for as long as you own the home.
- Closing Disclosure (CD) – A breakdown of all your closing costs. Handy for taxes, utility setup, and school registration.
- Purchase Agreement, Seller Disclosures, and Inspection Reports – Good to keep for repairs, warranties, or future sales.
- Survey & Legal Description – Important for understanding your property lines—especially if you’re planning fences, additions, or landscaping.
Pro Tip
Keep these in both digital and printed form. A few of them—like your lien release or title policy—might be nearly impossible to replace without jumping through hoops later.
The BankSouth Mortgage Advantage:
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With ReadyLoan®, you can make this process even easier. Our digital platform lets you apply, track your loan progress, and submit documents securely—all from your computer or mobile device. You’ll be armed with the confidence to quickly submit an offer, and the seller will see you as a serious, prepared buyer.
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When you purchase your home with me at BankSouth Mortgage, you may be able to refinance later with no lender fees.** This program offers flexibility as life changes, with the potential for savings when it matters most.
* One-time float down available on 45-120 day rate locks. Float down must be executed at least 15 days prior to closing and must be at least .125 improvement. ** This offer may change or end at any time without notice. “No Lender Fees” refers to waived origination charges. Eligibility conditions apply. Subject to credit and property approval.
Blog post date: Wednesday, June 18, 2025
