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re: Mortgage payment when selling home
Posted on 4/2/19 at 5:33 am to gsvar2004
Posted on 4/2/19 at 5:33 am to gsvar2004
You will pay your mortgage, plus a prorated amount to the day it closes. o you will pay not only April's statement, but also the interest for the additional 5 days. Bank isn't in the business of giving away 745+ dollars to people just because.
You'll turn around and get the principal right back in the transaction of the sale (unless selling for a loss). But the interest is owed to the bank until you pay off the loan.
You'll turn around and get the principal right back in the transaction of the sale (unless selling for a loss). But the interest is owed to the bank until you pay off the loan.
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