Unpiad bank loan when i sell my house?

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If I get a 30 yr bank loan to buy a house, but sell the house in the 5th yr, what happens to to the remaining 25 yr unpaid bank loan?

Unpiad bank loan when i sell my house?

You pay it off when you sell it. Actually, the bank keeps their part and gives you the balance.

Unpiad bank loan when i sell my house?

The bank will have a lein on your house and will get their money back when you sell you get what is left over after all obligations are paid

Unpiad bank loan when i sell my house?

It gets paid through escrow.

Unpiad bank loan when i sell my house?

If you have a 30 year mortgage and 5 years of it is paid off when you sell your property, you pay the bank back the remainder of the debt (25 years). Any money above that will pay closing fees, lawyers, and yourself, etc...



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