Can I sell my house if I still have a mortgage?

Question 1

Kathleen Militello · Accepted Answer

Yes. A mortgage does not prevent a sale at all. Your lender is paid off from the sale proceeds at closing, and you keep whatever is left after the payoff and closing costs. Most sellers have a mortgage. At closing, the payoff amount, including any home equity loan or HELOC, is settled directly from the proceeds, and you receive the net difference. The number that matters is your equity: what the home is worth today minus what you owe. I will get the current payoff figures and build your net sheet so you know your realistic walk-away amount before we ever list. If you owe more than the home will sell for, that changes the conversation but not the possibility. There are paths for short sales and for sellers who need to hold, and we would look at the numbers together honestly. Many long-time North Shore owners have significant equity after years of appreciation in coastal towns, which gives real flexibility: a larger down payment on the next home, renovations, or a simpler move.

Question 2

Can I sell a house with a home equity loan or HELOC?

Kathleen Militello · Accepted Answer

Yes. A mortgage does not prevent a sale at all. Your lender is paid off from the sale proceeds at closing, and you keep whatever is left after the payoff and closing costs. Most sellers have a mortgage. At closing, the payoff amount, including any home equity loan or HELOC, is settled directly from the proceeds, and you receive the net difference. The number that matters is your equity: what the home is worth today minus what you owe. I will get the current payoff figures and build your net sheet so you know your realistic walk-away amount before we ever list. If you owe more than the home will sell for, that changes the conversation but not the possibility. There are paths for short sales and for sellers who need to hold, and we would look at the numbers together honestly. Many long-time North Shore owners have significant equity after years of appreciation in coastal towns, which gives real flexibility: a larger down payment on the next home, renovations, or a simpler move.

Can I sell my house if I still have a mortgage?

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