Though mortgages are written for 30 years on average, that doesn’t mean you must stay in the home for 30 years. Sell, if you’d like, and pay off the mortgage before you move on to the next living situation.
Sell your house fast – Dallas TX: While a mortgage contract is a binding document and obligates the signer to pay monthly until the entire amount is paid off, it still isn’t necessarily a permanent that can’t be changed. If you signed a mortgage loan that allows you to prepay the full amount of principal without penalty, you can decide to sell your house and pay off the mortgage, and then move on to other locations to take a better job, or to find a house with smaller payments. Perhaps your original home is now too large for you now that the kids have grown up and moved out. You can move and settle into a more appropriate type house for your current circumstances.