F.A.Q

Subject to Existing Mortgage is a method of purchasing a home, where the current mortgage stays in place but the buyer agrees to make the payments of existing mortgage on behalf of the seller.

In the event of a missed payment, after a specified time period, the deed is returned to the seller of the home.  This means that every cent that we invested in purchasing the home is forfeited and you, as the seller, reap the benefits of the previous sale.  You can choose to keep or sale the home, or whatever else because the home is yours.

As the seller, the existing mortgage is still on your credit report.  When payments are made on your behalf, your credit improves.  When payments are missed, your credit declines.  

The one consistent benefactor in a home sale is the bank.  The bank receives money from accrued interest and loan origination fees.  We prefer to translate those expenses into gains for our sellers.  This just means, we put money that would be spent getting a mortgage into seller's pockets instead.

We use a third party to facilitate the payments every month.  This is referred to as a Servicing Company.  They take money from our account and then make payments to the mortgage company on the seller's behalf.  They also provide a monthly email that accounts when payments are made.

A seller's Debt to Income (DTI) can be removed but it is solely dependent on the future lender.  Our loan servicing company can provide the correct documentation stating that the existing mortgage is being paid on your behalf and not by you. Not every lender honors the documents that we provide but the loan officers that we recommend understand our transactions and can assist with obtaining a future mortgage.