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Updated over 8 years ago,

Baxter Finch's profile image
Baxter Finch's profile image
Baxter Finch
  • from Spokane, Washington
  • Member since Aug 23, 2016
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Baxter Finch's profile image
Baxter Finch's profile image
Baxter Finch
  • from Spokane, Washington
  • Member since Aug 23, 2016
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Baxter Finch
  • Spokane, WA
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Buying & Selling Real Estate

Super Beginner Question About Selling With A Mortgage

Baxter Finch
  • Spokane, WA
Posted

So say I take a loan out for 200k and after a year I want to sell the house. What is a standard interest rate and how would the interest incurred be paid if I were to sell the house at ~220k?

Is this a standard flip or are people trying to make more than the 20k on top of the 200k before trying to sell?

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