The typical life of a mortgage loan is 30 years, although, most people won’t live in the same house for that long. So, when it comes time to sell, many homeowners still have a mortgage debt to deal with. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and you might wonder what happens to your mortgage when you sell your home. Once you sign your name on a mortgage loan, you are responsible for the money—no one else. That means you must pay it back, which you can do with the money you gain from selling your home. Selling a house with a mortgage is a common occurrence. Consult with your mortgage lender and your real estate agent to find out how you can sell a home with a mortgage. Check out below to see what sold in Royal Crown in June 2018:
22597 Bertram Drive, Novi: 4 bedrooms, 2.1 bathrooms, 2,448 sq. feet, 2 car garage, Sold Price: $451,000
Royal Crown Home Sold
In the end, selling a home with a mortgage shouldn’t be a problem. The most important thing is to know your options, so that you can make the right decisions. For more information on Royal Crown, or similar Northville or Novi neighborhoods such as Carriage Hill, Liberty Park and Maple Hill, contact The DiMora Team today at 248-505-7728 or firstname.lastname@example.org.