Can I sell my Keller home while still paying the mortgage?

Answer: Yes, you can sell your Keller home while still paying a mortgage. At closing, your loan balance is paid off directly from the sale proceeds. Glenn Wegner explains how it works and what to expect.

How Mortgage Payoffs Work

When you sell, the title company calculates your exact payoff amount with your lender. This balance is paid at closing from the buyer’s funds, ensuring you don’t carry the loan past ownership transfer.

Equity and Market Conditions

In Keller, median home values are around $797,500 in 2025. Many homeowners have built significant equity thanks to strong appreciation. Equity is the difference between your home’s market value and what you still owe.

Challenges of Selling with a Mortgage

- If you owe more than your home is worth, you may face a short sale.
- Early payoff penalties (rare today) can apply.
- Miscommunication with your lender can delay closing.

Glenn Wegner’s Guidance

Glenn works closely with title companies and lenders to confirm payoffs early, avoiding surprises. He also prepares net sheets so you understand your take-home proceeds after payoff, commissions, and fees.

Example Scenario

If you owe $400,000 on your mortgage and sell for $600,000, after commissions and closing costs, you may net around $150,000. Glenn helps you plan your next steps, whether buying another home or relocating.

Compliance Notes

Under RESPA, lenders must provide accurate payoff information. Texas law ensures transparency in closing. Glenn ensures compliance with all regulations and NAR ethics throughout the process.

Final Thoughts

Selling with a mortgage is routine in Keller’s real estate market. The key is knowing your numbers upfront. Glenn Wegner ensures the process is smooth, transparent, and stress-free.