Are you thinking about selling your current home and buying a new one? If so, then you may be wondering what will happen to your mortgage. Keep reading to learn more about the mortgage process when you sell and buy a house.

Have you ever driven by a For Sale sign and wondered, “That house has been on the market for a long time, I wonder why it isn’t selling”? You might have asked that question because you were worried the same thing would happen when you put your own house on the market!

If you’re afraid to sell your home because you’re worried you won’t be able to find a new one, you’re not alone. In today’s market, there are more buyers than there are homes for sale. This can make it difficult to find a new home, especially if you are on a set timeline.

When selling your house, there will be multiple expenses that need to be covered. These include costs you will pay before closing, costs related to the sale and costs you would pay whether you sell or not.

There are several reasons why you may need to sell your home quickly. For example, a job change may require a speedy relocation to another city, or you may have purchased another property and don’t want to be stuck too long with two mortgages.