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Updated over 15 years ago on . Most recent reply

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44
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Ken Williams
2
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44
Posts

Question for the mortgage brokers, or anyone experienced with home mortgages??

Ken Williams
Posted

I have a duplex that I have a mortgage on with US Bank. I am wanting to split the duplex into (2) townhomes and sell each side individually.

I have already been approved with the city and planning/zoning to do this. My question is, what will the mortgage holder do in this situation? Do I need to reconstruct the mortgage first? I am afraid if I get to involved with the bank they will not want me to do this, or want the loan paid in full before splitting the units.

What are my next steps to make sure everything goes as planned?

Thanks in advance

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