If I sell my house, do I have to also pay off my second mortgage at the same time?
Tuesday, July 28th, 2009
Leah asked:
I’m looking into selling my house. A couple of years ago, I took out a home equity loan to cover unexpected expenses. Can I pay off the mortgage loan, but still make payments on the home equity loan for the remainder of it’s term? I don’t think I will be able to sell the house for the combined payoff of both loans.
Joan
I’m looking into selling my house. A couple of years ago, I took out a home equity loan to cover unexpected expenses. Can I pay off the mortgage loan, but still make payments on the home equity loan for the remainder of it’s term? I don’t think I will be able to sell the house for the combined payoff of both loans.
Joan