The first step to selling a house with a mortgage is to contact your mortgage lender and ask about your current mortgage. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and there are two questions you will want to ask: What is your current mortgage payoff amount and What is your due-on-sale clause. Your mortgage payoff amount is the exact amount of money, including accrued interest that you owe to the bank. This amount is typically good for 10-30 days and represents the outstanding loan balance that you must pay. The due-on-sale clauses reveal the exact rules of how to sell a house you still owe money on. Be sure to ask any questions you might have about these clauses, so you have a full understanding before you take the plunge and start your sale. Check out below to see what sold in Island Lake Arbors in July 2017:
26390 Fieldstone Drive, Novi: 3 bedrooms, 2.1 bathrooms, 2,057 sq. feet, 2 car garage, Sold Price: $353,500
Island Lake Arbors Home Sold
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 Island Lake Arbors, or similar Northville or Novi neighborhoods such as Blue Heron Pointe, Country Club Village and Hickory Creek, contact The DiMora Team today at 248-505-7728 or email@example.com.