To keep the mortgage or to pay it off??

[Alex Fanning]

Hey everyone, 

I’ve got a cash buyer to buy my home. I owe about 200k on it. I’ve agreed to 200k down and 200k financed over 5 months. The next question is should I pay off the mortgage company as soon as the down payment comes or would I be better off keeping it until the full payment has gone through? Would it be safer for insurance purposes if anything happens to the home to keep a mortgage on it? Any ideas or recommendations is greatly appreciated! Thanks :)