Received cash offer on home. Can I keep both the cash and mortgage? Do I have to repay loan principal immediately?

I own ~30% equity on my home. Rest ofcourse owned by bank and I have monthly payments for my 30y loan.

Can I sell my home in all-cash offer, keep the cash, invest it as I please? Do I have to repay the bank the principal when I sell the house? Is there a way I can keep the mortgage live. I am financially capable of paying for rent of future home and my monthly installments for the loan. I just want to keep the cash.

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I own ~30% equity on my home. Rest ofcourse owned by bank and I have monthly payments for my 30y loan. Can I sell my home in all-cash offer, keep the cash, invest it as I please? Do I have to repay the bank the principal when I sell the house? Is there a way I can keep the mortgage live. I am financially capable of paying for rent of future home and my monthly installments for the loan. I just want to keep the cash. submitted by /u/hb30025 [link] [comments]

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