Saving Old Refi Packets
Saving Old Refi Packets
I've refinanced four times in the past 2 years. Is there any reason I need to save the huge pile of paperwork from loans I no longer have?
Re: Saving Old Refi Packets
IMHO Make sure you save the release documents for the closed loans. Given the (ongoing) robosigning scandal, the document showing they released your note is useful to keep.
Re: Saving Old Refi Packets
Are those documents not online nowadays anyway?JamesSFO wrote:IMHO Make sure you save the release documents for the closed loans. Given the (ongoing) robosigning scandal, the document showing they released your note is useful to keep.
- Porcupine
PS: I do keep my paperwork (I am a packrat), but am just saying ...
Re: Saving Old Refi Packets
Mine aren't for any of my refis...porcupine wrote:Are those documents not online nowadays anyway?JamesSFO wrote:IMHO Make sure you save the release documents for the closed loans. Given the (ongoing) robosigning scandal, the document showing they released your note is useful to keep.
- Porcupine
PS: I do keep my paperwork (I am a packrat), but am just saying ...
Re: Saving Old Refi Packets
That is strange. And where online are you looking for them (if you don't mind my asking)? Ours here are located in the local county comptroller's website.JamesSFO wrote:Mine aren't for any of my refis...porcupine wrote:Are those documents not online nowadays anyway?JamesSFO wrote:IMHO Make sure you save the release documents for the closed loans. Given the (ongoing) robosigning scandal, the document showing they released your note is useful to keep.
- Porcupine
PS: I do keep my paperwork (I am a packrat), but am just saying ...
- Porcupine
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- Location: Minneapolis, MN
Re: Saving Old Refi Packets
As far as any of the information relates to anything on your tax returns, it should be retained for seven years, or until the financed property is sold and that tax return year is at least three years old. Tax return items: if you deducted or amortized purchase or refi mortgage points, if you need to establish that mortgage interest was deductible for both regular and AMT, if the statements document items that are included in the cost basis of the property. So, pretty much forever to be safe.