Most lenders offer home loans even if the seller hasn’t finished paying theirs. They used to charge a prepayment penalty of 2-4% of the loan amount if the principal was repaid early, but most have now done away with this.
Most lenders offer home loans even if the seller hasn’t finished paying theirs. They used to charge a prepayment penalty of 2-4% of the loan amount if the principal was repaid early, but most have now done away with this.