Sep 11 2023, 11:35 AM
QUOTE(kmyyy1212 @ Sep 11 2023, 11:26 AM)
I plan to sell my current house which is still under the loan.
lets say, i able to sell my house at RM600K, then can I use this RM600k to clear my house loan? and can I know how is the process?
Thanks!!
lawyer will settle up for u as long as the selling price able to cover ur loan.lets say, i able to sell my house at RM600K, then can I use this RM600k to clear my house loan? and can I know how is the process?
Thanks!!
let say ur loan amount 700k but sold for 600k then u need to top up the differnece.
if u bought the house for 400k 5 years ago and now sold for 600k, buyer's bank will communicate will your bank and clear off your loan.
then whatever balance, if there are any, will transfer to your lawyer and once u pass the key to lawyer firm or to agent or to buyer, then the lawyer will issue u the balance amount, normally in cheque.
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