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Buying a home is one of the most important financial decisions a person can make in their lifetime. This process becomes even more delicate when the property in question has an active mortgage. Before moving forward, it's essential to understand all the legal and financial aspects involved, from the required documentation to any existing liabilities on the property.

The answer to whether you can buy a house with a mortgage is yes—and it’s a fairly common practice. Usually, the seller pays off the debt with the bank before the sale, and the buyer takes out a new mortgage with the financial institution offering the most favorable terms. However, it's crucial to ensure that the mortgage debt is cleared after the property is transferred to avoid legal issues later on.

The first step before signing anything is to verify that the seller is the legal owner of the property by requesting a copy of the deed. It is also advisable to obtain a simple note from the Land Registry, which will reveal if the property is affected by any mortgages, liens, or tax burdens. Additionally, it's important to ensure the seller is up to date with municipal taxes and homeowners’ association fees.

There are three main ways to buy a mortgaged home: paying in cash, taking over the existing mortgage (subrogation), or signing a new mortgage. A cash purchase allows the buyer to immediately pay off the debt to the bank, usually deducting the outstanding mortgage balance from the purchase price. Subrogation means the buyer assumes the seller’s mortgage with the bank’s approval, which can save money on fees. Many buyers also choose to negotiate a new mortgage that better suits their financial needs.

Each of these options has its advantages and risks, which should be assessed carefully. The key is to conduct a thorough financial analysis, check the legal status of the property, and seek proper advice. Buying a mortgaged home is possible, but it will only be a wise decision if done with knowledge and proper planning.