4 ms·
So what do people in Australia do when they move and have to sell their house, which will happen a lot before the 30 years is up? Are the buyers stuck with the
by cornel_io 5y ago
So what do people in Australia do when they move and have to sell their house, which will happen a lot before the 30 years is up? Are the buyers stuck with the exact same terms that the original purchasers set on the remaining principal, and then have to enter a separate mortgage for the part that's already paid off?
Or do there tend to be clauses that allow full repayment on transfer of ownership or something like that?
- JimTheMan 5y agoWe generally can't get fixed term mortgages that are greater than 3 years. Most of us have variable mortgages with less conditions placed upon them.