Selling a home with a mortgage is so much easier than it may seem. As long as you're prepared beforehand, you'll have no problem selling your home with a mortgage. So, what happens if you sell a house with a mortgage. Basically, the mortgage on your current home is going to get paid off by money the buyer is paying for your home. Then, any money that is left over is going to pay any costs associated with the sale. Then, the remaining funds will be given to you as a check! Here’s a breakdown of what you’ll learn into today’s new video: #1: I’ll show you how to get a payoff amount for your current mortgage. This will help you figure out how much mortgage you have left on your home to sell.
#2: You’ll learn how to handle the equity of your current home so you know how much you get to keep when selling.
#3: We’ll talk about costs and how that affects selling your home
#4: What happens when you sell your house for less than the mortgage? We’ll tackle 2 ways to can work through this problem
#5: Should you sell first and then buy a new home? Or buy first? Paying for two mortgages at once is never fun. You’ll learn the easiest way to buy and sell at the same time.
#6: What happens to your escrow account? We’ll cover that too!
All in all, you absolutely can sell a house that is not paid off and we’re going to cover the ins and outs in this video! Don't forget you'll need to know how to navigate a home inspection as a seller: https://youtu.be/RM_kMNiuka4 Tap into your home's equity to purchase another home: https://youtu.be/e4g7OWs7-HA Is your Zestimate correct? https://youtu.be/GDw6-_17w2I Hey, my name is Kyle and I'm a Mortgage Advisor serving Tennessee, Florida, and Ohio. I help you get a crystal-clear home loan so you can win the house you love. https://www.winthehouseyoulove.com/
