Can I Sell My Mortgaged Home?

The answer is yes . This is a much more common process than you think, and relatively simple if you are clear about the steps to follow.

• You will use the proceeds from the sale of your home to pay off the balance of your current mortgage. The lender will receive your payment at closing.
• After you pay off your mortgage debt and cover the expenses associated with selling  a home , such as commissions and taxes, you may have a profit to take home.
• If the amount received from the sale does not meet the outstanding balance of your mortgage and the selling costs, you will have to cover the difference with funds other than those from the sale.

If you are ready to sell your house with a mortgage, as a real estate agent I can help you in this process, let’s schedule a consultation now.