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I will owe 209965 at the ned of my mortgage term if i sell my house will i still owe that amount

 
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I will owe 209965 at the ned of my mortgage term if i sell my house will i still owe that amount?
0     In Mortgage Cont.13

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    Level 7 - Professional
    MortgageEnder
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    ON Canada - it depends on how much you sell your house for. Normally, the proceeds of the sale of the house goes to pay off the mortgage first, lawyers fees, bank fees and any excess will then go to your pocket. If you sell your property less than the mortgage balance, you will have an issue as you still owe the bank money.

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    Can you help us by answering one of these related questions?
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