3,009
edits
Difference between revisions of "Selling Your Home"
From Clicklaw Wikibooks
→Do you have a mortgage on your house?
Dial-A-Law (talk | contribs) |
Dial-A-Law (talk | contribs) |
||
| Line 29: | Line 29: | ||
*Can the buyer assume (meaning take over) the mortgage? If so, will the buyer need to have a certain income to qualify? | *Can the buyer assume (meaning take over) the mortgage? If so, will the buyer need to have a certain income to qualify? | ||
*Can you pay off the mortgage? If so, is there a prepayment penalty? Sometimes a lending institution will waive the penalty if the buyer takes out a new mortgage with them, or if you take out a new mortgage with them. | *Can you pay off the mortgage? If so, is there a prepayment penalty? Sometimes a lending institution will waive the penalty if the buyer takes out a new mortgage with them, or if you take out a new mortgage with them. | ||
Get the answers to these questions in writing to avoid any unpleasant surprises later on. | |||
==What happens after you sign the listing agreement?== | ==What happens after you sign the listing agreement?== | ||
