sell house mortgage?
I have a question. Im a little confused. Well, if your mortgage is, say, 170,000 that you currently owe, and you still have over 25 years to pay, so if you sold the house doesn't a bunch of interest lower their mortgage? reducing the amount that you must actually pay about him? ive seen mortgage payment calculators, and that is what is seems, but they are all mortgages in this way, so if you have early repayment you much less because innterest falls off? thank you
You have information correct. When you go to the escrow agent or closing, they will ask for mortgage information. They will then send a asked to repay the mortgage company if paid in 10-30 days. The mortgage company will send a request return for a certain sum of money includes interest on the day bear fruit. Because the mortgage is paid on all future interest should not be paid. I hope this was of some use to you, good luck. "FIGHT ON"
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