Can you sell your home if you still have a mortgage? The DiMora Team are real estate experts in the Northville and Novi neighborhoods and we know that the key is to determine exactly how much you still owe to make sure the sale of your current home pays off the remainder of your mortgage, plus all of your selling costs. Otherwise, you could be facing a shaky financial situation where you will owe more than your home mortage payoff is. However, there’s an easy way to find out. Contact your lender or servicer and request your payoff amount. The payoff amount is the total you’ll have to pay to satisfy the terms of your mortgage loan, including any interest you owe until the day you plan to pay your loan in full. Remember that the payoff amount is not the same as your current balance, which will appear on your most recent account statement and may not include interest. Check out below to see what sold in Arcadia Ridge in September 2020:
48822 Freestone Drive, Northville: 4 bedrooms, 3.1 bathrooms, 2,647 sq. feet, 2 car garage, Sold Price: $462,000
Arcadia Ridge Home Sold
September 2020
Your lender is required to provide the total amount required to satisfy the mortgage debt as of a specified date, according to the Consumer Financial Protection Bureau, so don’t be shy about asking. For more information on Arcadia Ridge, or similar Northville or Novi neighborhoods such as Walden Woods, Windridge Place and Brookstone Village, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.