How Much in Proceedsr

Expert, localized Los Angeles answers provided by Heather Roy

How Much in Proceedsr
	When a person sells a home, and has paid an amt. in interest, and an amount in principal, how much can be expected of that amount when the house is sold for more than the same price that was paid, by the present owner?

	In general, and after some other expenses of selling, you can expect to get the sale price minus the amount still owing on your mortgage. That's known as your equity.
	Edith Originally published on April 23, 2008

	Back to Summary	< Previous \| Next >


SEARCH: Search for questions about Mortgage, Finance & Taxes