Will the mortgaged house be sold at a loss?
Mortgage refers to the purchase of houses by property buyers through mortgage, and the commercial houses with outstanding loans. The main feature of the mortgaged house is that the property right of the house is mortgaged to the bank, and the property owner may not sell the mortgaged house without authorization. Mortgage can be divided into two types, of which legal mortgage refers to the transfer of existing real estate to the mortgagee as a repayment guarantee; A pledge is to transfer the future real estate (such as uncompleted residential flats) to the mortgagee as a guarantee for repayment.
If the house you bought is under mortgage, you don't want it now. If you haven't signed a contract with the developer for a long time, the mortgage approval has not passed, and you haven't filed it in the housing exchange, then you can resell it immediately. If the mortgaged house is sold at the original price, it will at least lose the interest in the middle. Because if you borrow a lot, it will take a long time and interest will be high.
How to make money when the mortgaged house is sold?
To sell a mortgage house, we must first look at whether the house price near the market has risen, and then look at the amount of liquidated damages. If you want to sell the mortgaged house without losing money, you must pay off the mortgage first, or apply to the bank for a mortgage repayment person before you can trade. When selling a mortgaged house, we need to know how much it will cost you to buy a house. The original purchase price+taxes and fees at the time of purchase+how much interest did you pay when you sold the mortgage * * * = purchase cost. When the calculated value is greater than this, you can make money.
Generally speaking, the cost of buying a house includes: down payment, property fee for the first year, heating fee, deed tax, maintenance fund, and decoration fee if it is a rough house. In addition, the interest paid by the loan part and the liquidated damages paid by early repayment. Taxes and fees are generally paid by the buyer and will not be included in the expenditure. The income from selling a house is usually a sum of money. The subtraction between the two is the result of whether you can make money after selling the house.
The total purchase price of the house+decoration cost+loan cost+capital cost = selling price, but if the selling price exceeds the market price, it is because the selling price is too high, so when selling the house, you still need to decide the selling price according to your own purchase price plus the market price. The above article is about whether the mortgage house will lose money when it is sold, and how to calculate how to make money when it is sold, hoping to help those in need.