Blog > Can You Sell a Home With a Mortgage Still On It?

Can You Sell a Home With a Mortgage Still On It?

by Gordon Hageman

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Absolutely. When you sell, the remaining mortgage balance is paid off from the sale proceeds at closing. The escrow company handles the payment directly to the lender. If your home’s sale price exceeds your loan balance, the difference becomes your profit. If not, you may need to bring funds to closing — though this is uncommon in appreciating markets.

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Gordon Hageman

Gordon Hageman

+1(480) 498-3334

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