It is common for banks and lenders to offer mortgage products that can be used to finance the purchase of a home, as well as mortgage products that can be used to refinance an existing home loan.
If you are interested in selling your home and have an existing mortgage with CommBank, you may be able to work with them to sell the property and pay off the remaining balance of your mortgage. In some cases, you may be able to transfer your existing mortgage to the buyer, although this will depend on the buyer’s creditworthiness and other factors. Alternatively, you may need to pay off your existing mortgage in full before you can sell the property.
It is important to note that selling a home can be a complex process, and there may be fees and costs associated with selling a property and paying off a mortgage. It is advisable to speak with a financial advisor or real estate professional to better understand your options and the potential costs involved in selling your home through a CommBank mortgage.