Sometimes, you’ll have to talk with your mortgage lender. And if you’re thinking about selling your home, it’s a good time to talk with them.
So set up a meeting and ask them these questions.
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How much do I still owe on my mortgage? What’s the loan payoff amount?
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Is there a prepayment penalty on my mortgage if I pay it off before a certain date?
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Can I open a line of credit on my mortgage to make repairs on the home?
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Can you pre-approve me for a new mortgage?
Once you have the answers, you’ll be able to make a good decision about selling your home and you’ll have the info you need to make sure selling is a profitable decision.
Are you interested in buying a home? Look no further than working with One Residential.
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