What happens if I want to sell my house before my mortgage is paid off?

If you want to sell your house before your mortgage is fully paid off, there are several options available to you. Firstly, you can choose to pay off the remaining balance with the sale proceeds. Alternatively, if the sale price is lower than what you owe on the mortgage, you may need to negotiate a short sale with your lender. In this scenario, the lender agrees to accept less than the full amount owed. Another possibility is to transfer the mortgage to the buyer, subject to the lender's approval. This option requires the new buyer to meet certain requirements set by the lender. Finally, you can explore refinancing options if you intend to sell and purchase a new property simultaneously. To determine the best course of action, it is essential to contact Chase Home Finance and discuss your specific situation with their team of experts.