Can you sell your home before paying off your mortgage?

The « traditional » mortgage (also known as a bank loan under ordinary law) is the type of loan most offered by banks. It is characterized by its duration, its interest rate (fixed or revisable) defined by the bank, the guarantee required by the bank, and the subscription of a borrower insurance.

In this case, you have the possibility to resell your accommodation before you pay it back your entire home loan.

This sale allows:

• from repay the loan in advance,
• or, with the agreement of the bank, transfer your credit ongoing to finance the purchase of a new home. The contract is then amended so that the credit is for the new purchase. The interest rate remains that of the original loan.

Yes, you can resell your home before you have repaid the zero interest loan in full, provided that you immediately repay the full amount outstanding.

You must therefore pay all the remaining capital due under the PTZ at once, without waiting for the deadlines (monthly installments) originally planned.

This refund must be made at the latest at the time of registration of the sale at land advertising service. You must also inform your bank of the sale as soon as you sign theauthentic act.

However, you can avoid this immediate refund by transferring this credit to finance the purchase or construction of a new principal residence. You will then continue to repay your loan on the terms originally planned (duration, maturities, etc.). To be able to benefit from this situation, you must meet the following conditions:

• have notified the bank before the sale of your home,
• the transfer must take place within a maximum period of 6 months from the date your home ceases to be your primary residence,
• if the transfer takes place within 6 years of the payment of the PTZ, your new property must comply with the PTZ award conditions in force on the date of transfer (resource ceilings, nature of housing, zoning, etc.),
• your bank must accept the transfer.

Yes, you can resell your home before you have fully repaid a conventional loan.

In this case, you must inform your bank as soon as the signature of theauthentic act. 2 solutions are then provided:

• either, you repay in full and in advance the remaining capital on the day of signature. This means that you pay in one go all the remaining amount due, without waiting for the deadlines (monthly payments) planned at the start,
• or, with the agreement of your bank, you transfer your credit to finance the purchase or construction of a new principal residence.

Yes, you can resell your home before you have repaid the PAS, provided that you immediately repay the full amount outstanding.

This reimbursement is made by means of the selling price. Indeed, the sale price is used first to repay the capital remaining due from the bank and the accessories (interest, possible compensation).

In practice, before reselling, it is therefore essential to:

• check in your PAS loan offer the clauses relating to early repayment (allowances, special conditions, possible transfer of the loan to a new principal residence),
• have your bank draw up a statement of the outstanding capital and the amount of the early repayment indemnity.

For another type of loan, you should contact the bank from which you took out the loan.