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re: Mortgage payment when selling home
Posted on 4/2/19 at 6:26 am to gsvar2004
Posted on 4/2/19 at 6:26 am to gsvar2004
quote:
the title of this thread is kinda funky, but my question is that we have a contract to sell our home and the proposed closing date is 4/20, where as my mortgage is due on 4/16. looking at my mortgage breakdown, looks like $745 will go toward interest, and i hate to just waste that money if the loan will be paid in full just 5 days later. is there any recourse if i just skip aprils mortgage payment?
You took out a loan and must make payments until you satisfy it, the house is simply collateral.
You seem to be conflating two separate things here.
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