What mortgage discharge means
Your current lender must be paid out and remove its mortgage from the property title. This happens at refinance settlement after approval and loan documents are completed.
Discharge authority form
Most lenders require a signed discharge authority. It tells the lender you intend to refinance and allows them to prepare payout figures for settlement.
Common delays
- Late discharge form submission
- Incorrect borrower or loan details
- Fixed-rate break cost confirmation
- Outstanding loan documents or settlement booking issues
- Title or ownership details requiring extra checks
How CredQ helps
We explain what your old lender needs, help track the process with the new lender and keep the refinance moving toward settlement.