If you've tapped the lender well twice and hold two mortgages on one house, you might think selling that house will be a challenge. After all, having two mortgages doesn't mean you owe more on the house—it just means you have loans coming from two different sources. So what actually happens when it's time to sell?

The truth is that unloading a house with two mortgages doesn't have to be tricky, and can be a similar process to selling a home with one mortgage. However, it has the potential to become more complicated, so you need to know the facts.