Thursday, October 24, 2019

Blog Post - Can You Sell Your Home Before The Mortgage Is Paid Off

Can You Sell Your Home Before The Mortgage Is Paid Off? Some homeowners often wonder how this works, how can you possibly sell your home while there is still a mortgage on it. It can be fairly simple, just like selling a car that you haven t paid off yet. However, there are some things you need to take into account before deciding to sell. First, you need to factor in the 5 year rule. If you bought your house within the last few years you may not be able to sell your home without bringing money to the closing table. New homeowners need to stay in their house for at least 5 years to make sure they don t lose money when it comes time to sell. We know this isn t always possible, especially when you have to transfer to another city because of your occupation. If your job is the case be sure and ask your employer if they can possibly help offset the costs of selling your home without any equity in it. Maybe they will, maybe they won t - it doesn t hurt to ask. Steps To Take To Sell Your Mortgaged House If you have been in the property for a few years and have to move the next thing to do is lose your emotional attachment to the property. We understand this can be difficult, especially if you like your house and are having to move because of... Read the full article here;


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