Boston Real Estate FAQs / Selling /
Should I keep making my mortgage payments if I'm selling my home?
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Yes. You should not stop paying your mortgage because of the sale of your house. Mortgage payments include interest
for the previous month, so, for example, your April mortgage payment pays the interest for the month of March.
If the scheduled closing date is around the same time your mortgage payment would be due, you should try to send the payment early. If you have not made your most recent payment, the funds will be taken out of the proceeds of the sale at the closing.
If the scheduled closing date is around the same time your mortgage payment would be due, you should try to send the payment early. If you have not made your most recent payment, the funds will be taken out of the proceeds of the sale at the closing.
Others in this Category
- How should I prepare to sell my house?
- How is an asking price determined?
- How do you come up with a price for a "one-of-a-kind" property?
- What is the difference between an appraisal and a CMA?
- What is the difference between sales price and assessed value?
- How do you determine the value of a distressed property?
- Can I sell my home for less than what I owe on it?
- Should I price my home high for a little while to see what happens?
- What repairs should I make before selling?
- Is it better to make repairs before I sell or lower the price for the buyer to do them?
- Explain the difference between a "Buyer's market" and a "Seller's market."
- How can I sell my house in a slow market?
- Is taking pictures of the inside of my house a security risk?
- How do I get my home ready for showings?
- Whose obligation is it to disclose information about a property?
- Is a pre-approved buyer better than a pre-qualified one?
- Are verbal offers legally binding?
- What happens when a buyer makes an offer?
- What if the offered price isn't what we wanted?
- What contingencies are usually put in an offer?
- What is a home inspection contingency?
- What is a mortgage contingency?
- What is seller financing?
- Am I obligated to disclose the terms of other offers to a prospective buyer?
- What is an "earnest money" deposit?
- Who pays the fee of a buyer's agent?
- What is a Purchase and Sale Agreement?
- What if I decide I want to change something in the contract?
- What happens if the appraisal is too low?
- What happens if the buyer's loan is not approved by the deadline in the contract?
- What happens if the buyer's loan is denied?
- What is a final walk-through?
- What does the closing attorney do?
- Who does the closing attorney represent?
- What happens at the closing?
- What do I need to bring to the closing?
- What documents should I leave in the house for the new owner?
- What are some of the worst mistakes home sellers make?
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