ometimes, a house has plenty of equity and I can pay cash. Other times, there just isn’t enough equity to buy the property at price that make sense for me. Solution? Buy the property and keep the original loan in place.

1. Have a house to sell?
We buy houses! Even if they have no or little
equity! We are currently buying in Hays County,
Williamson County, Travis County, Harris County,
Galveston County, and Montgomery County.
Call 512-593-6990 or
visit www.TheTexasHouseBuyer.com t
o sell your home today.

2. “I’ve never heard of that!” – What most sellers
tell me when I first explain buying their house
“subject-to” the existing mortgage.
Sometimes, a house has plenty of equity and I can pay
cash. Other times, there just isn’t enough equity to buy the
property at price that make sense for me. Solution? Buy the
property and keep the original loan in place.

3. So, what’s a sub-2, anyway? Who would anyone want
to sell their house subject to the existing mortgage?
Well, first let’s start with what it is. When I buy a house subject to the
existing mortgage, that means I buy the house and the property is
deeded to me, however, the original lien (loan) stays in place. It does not
get paid off at closing. So instead of me going out to get a new bank
loan, I simply begin taking over your payments. Here are the questions
sellers usually ask me when deciding if selling sub-2 is right for
them. That is basically what I do, except I don’t physically mail a check, I
pay it through my bill pay and my bank sends your mortgage company
the check.

4. Q: Should I call my bank and ask them if
the loan is assumable?
 A: No. I do not assume the loan. Most loans are not
assumable, anyway. What I do is simply start making the
payments. The best way I can explain it is this: say your nice
Aunt Mathilda decides that she is going to help you
out. She has plenty of money and is going to start paying
your mortgage for you. She simply gets her checkbook out,
and starts sending the bank the check each month.

5. Q: Does the loan stay in my name?
 A: Yes, the loan stays in your name and on your credit. With
continued payment, this can actually have a positive effect
on your credit score over the years.

6. Q: Why would I want to sell my house
with the loan still in place?
 A: You have to look at all your options. If you need to sell,
this may be your best option. If you need heart surgery, you
don’t exactly WANT to have your chest opened up, but what
are your options? If you want to save your credit and not
make 2 payments every month, this may be your best
option.

7. Q: How do I know if the loan is being
paid?
 A: You can log in to your account and check! I always pay
more than the amount due and pay a week or two before
the payment is due. Funds are withdrawn from my account
automatically month after month.

8. Q: What does my loan have to look like, in
order for you to be interested in buying my
house subject-to the existing mortgage?
 A: In general, I look for 30 year fixed rate mortgages with
interest rates in the 3 to 5 percent range. The monthly
payments need to be lower than the amount of rent I can
collect on the house each month.

9. I hope this answered some of your questions about whether you
should sell your house subject to the existing mortgage. You
can learn a lot more by googling “selling my house subject to
the existing mortgage.”
If you would like to sell your house please fill out our basic
property information sheet at our home
page www.TheTexasHouseBuyer.com or leave us a
message at our pre-recorded line at 512-593-6990 and we
will call you back.

10. Thanks for watching! 