You can usually sell your mortgage for cash but will often have to take a discount. This means that your mortgage may have a principal balance outstanding of $100,000 but you may only get a check for $85,000 cash. There are many factors that control if you will have to give a discount and how much it might be.
You could be better off persuading the new home owner, your borrower, to refinance their mortgage for a lower interest rate. But this will not always be possible. That may be why they wanted you to finance them in the first place.
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