Thursday, November 6, 2014

How does selling a home w/ a mortgage work?

Let's say I buy a $200k home with $30k down, leaving me with a $170k loan. A few years later I pay $60,000 towards the home, leaving me with $110k left to pay off, and I've already put in $90k total towards the home.

If I want to sell that home, how much do I get back? Do I get the $90k back?

Read more: How does selling a home w/ a mortgage work?