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@dispatchlive Fri, 16 Oct 2026 04:36:07

LEAGLE EAGLE | Paid Off Your Home Loan? Hereâ s What You Need to Know

Paying off your home loan is a major financial milestone. After years of monthly repayments, you can finally celebrate owning your home without the burden of a home loan. But before you celebrate too much, there is one important step to consider: what happens to your home loan once the final payment has been made? Contrary to popular belief, paying off your home loan does not automatically cancel the bond registered over your property.

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