Consult With Your Mortgage Specialist When Selling Your Home

If you have a mortgage then it pays to consult with the person (or company) that loaned you the money for the house. This could be a mortgage broker, a banker, a lender or for the purposes of this we’ll call them a mortgage specialist. If they can’t help you, or if you don’t want them to help you, then you might need to look for someone else who can.

It is important to find out how selling your home will affect your mortgage commitments. Will you be repaying the mortgage early? Will there be penalty charges for early mortgage repayment? Can the mortgage be transferred to the new property you are buying? What are the terms and conditions of the mortgage?

No doubt you will need someone who is knowledgeable and truly professional to help you with these and other mortgage questions. Friends or associates may be able to recommend someone who fits the bill. A mortgage specialist will have the knowledge to help you complete the transaction smoothly.