Hi all. I'd like to get some advice on what happens when a housing loan is paid off. I have a house in my tw mother's name, and she will be here later this year, at which point I am trying to get the loan paid off. When that happens, what is the next step? I assume we both go to the bank to get the deed and any other necessary documents signed over to her saying loan has been paid off and the house is completely hers. Is there anything else I need to know or prepare? For now, I am not worried about transferring it into my name. I will be applying for citizenship next year, and at that time I will transfer it over.
Any advice on the procedure would be appreciated. TIA!