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shane_c · 08-08-2006, 10:37 AM

If we were to sell our house before our mortgage term expired what sort of penalties can we expect? Is it just the interest we would have paid back for the remaining term? If we decided to sell as an assumable mortgage could we get away from these penalties? With an assumable mortgage do we specify we would like X amount of dollars and then you can assume our mortgage?

08-08-2006, 10:37 AM	#1
shane_c Powerplay Quarterback Join Date: Jul 2004 Exp:	Penalties when cancelling mortgage If we were to sell our house before our mortgage term expired what sort of penalties can we expect? Is it just the interest we would have paid back for the remaining term? If we decided to sell as an assumable mortgage could we get away from these penalties? With an assumable mortgage do we specify we would like X amount of dollars and then you can assume our mortgage?