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Selling a House? Top 5 Resale Killers » Mortgage Masters Group

Selling your property while in mortgage is a fairly common thing. Being in mortgage simply means you still owe money to your lender and have not yet satisfied your home loan. Typical mortgages run 15 to 30 years, and homeowners regularly sell their homes to move before loans are paid.

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Selling a Home with More Than One Mortgage Selling a home with two mortgages is very similar to selling a house with one. However, to make your sure you make your home sale a regular sale, as opposed to a short sale, your home must be worth more than the total of the mortgages. To [.]

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Certain home design features make it harder to sell a house. In most markets, the real estate industry has bounced back and homes are selling at a brisk pace. According to the National Association of Realtors, the typical house for sale is under contract to buy within a month or two of it hitting the market.

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When it makes sense to sell a home with a reverse mortgage. Then there are the costs of sale. According to a 2017 analysis from Zillow and Thumbtack, the average U.S. homeowner spends $18,342 to sell a home. These closing costs include real estate transfer taxes and commissions paid to agents.

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Home Resale Value (5 Influencing Factors!) How to Sell a House With a Second Mortgage on It. Penalties generally consist of a percentage of the outstanding balance on the mortgage. For example, a common prepayment penalty will be 5 percent of the outstanding balance. Not all loans carry a prepayment penalty, of course. Read the fine print on your mortgage loan documents and ask your lender if you have questions.