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Is a home loan considered paid off if the home was sold

 
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AnnetteB6
Expert Alumni

Is a home loan considered paid off if the home was sold

Yes.  The proceeds of the sale of the home would pay the existing mortgage.  

 

 

@martinbrief

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1 Reply
AnnetteB6
Expert Alumni

Is a home loan considered paid off if the home was sold

Yes.  The proceeds of the sale of the home would pay the existing mortgage.  

 

 

@martinbrief

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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