satisfaction of mortgage

Definition of "satisfaction of mortgage"
  1. A signed document indicating that a mortgage has been completely paid and the held mortgage lien is now released
How to use "satisfaction of mortgage" in a sentence
  1. Once they made their final payment, they received the satisfaction of mortgage.
  2. The bank sent them the satisfaction of mortgage document once their loan had been paid in full.
  3. The satisfaction of mortgage signaled that they were finally free from their home loan.

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