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When u sell house what happens to mortgage get transfered to buyer

 
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Bev


When u sell house what happens to mortgage get transfered to buyer? Juliette
0     In Mortgage

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    Level 7 - Professional
    MortgageEnder
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    Transferable only applies if the buyer is qualified with the same rate. Buyer takes over the new mortgage and the bank only pays the difference to your lawyer who will split the money appropriately.

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