Pace Morby breaks down how sellers can get another loan even when they sell their house subject to by talking with a lender and loan officer, Tim Stratton. In the fourth part of this agent series, Pace calls the lender on the transaction and answers questions regarding whether the seller’s name remains on the deed and how their client can buy another house after selling via subject to. Pace explains the underwriter’s importance throughout this process and how he could either buy the house subject to or through a lease option. Furthermore, he describes what a lease option is and how it still fits under the creative finance umbrella.

Pace and Tim also discuss the debt-to-income (DTI) ratio and how buying houses subject to removes most of it not all a seller’s loan from their DTI so they can qualify for other loans. Pace emphasizes that the hardest part about buying houses creatively is that you are the one educating people throughout a transaction. Loan officers and mortgage originators aren’t properly educated on buying properties with creative finance. Show this video to anyone who says subject to is illegal!

See the agent call with Victoria:
   • Why Creative Finance Crushes Cash Tra...  

See the seller call with Robbie:
   • What to Say to Sellers on the Phone |...  

Follow the series here!
   • Deal Rescue  

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Chapters:
0:00 - Intro
1:47 - Call With a Loan Officer
3:11 - First Option: Lease Option
4:21 - Second Option: Subject To
5:43 - Loan Officer Q&A
7:28 - Biggest Issue With Creative Finance
8:35 - Lease Options in Creative Finance
10:31 - Is It Possible for the Seller to Get Another Loan?

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🚧🚧🚧 DISCLAIMER 🚧🚧🚧

❎ I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a YouTube video for entertainment purposes ONLY ❎