You don’t need to own your home outright to sell it. I’m Dennis Loewen with North and Main Homes, and most sellers I work with in San Jose still have a mortgage when they close.
How It Works
When you sell, escrow pays off your loan directly from the proceeds—so there’s no need to pay the balance beforehand. You’ll receive the remaining funds after fees and closing costs.
What If You Owe More Than It’s Worth?
That’s called being “upside down.” In those cases, your agent may help you negotiate a short sale, where the lender agrees to accept less than the full payoff.
How to Prepare
Ask your lender for a payoff statement early and have your agent create a seller net sheet so you know your exact bottom line before listing.
🎥 Watch the full video here: Can You Sell Your San Jose Home With a Mortgage?
If you’re unsure what you’d walk away with, connect with Dennis Loewen at North and Main Homes for a personalized equity estimate.
