can a realestate agent find someone to qualify and assume my mortgage loan or do i have to find someone to do that myself? Do realestate agents even do that?
2006-07-09 15:09:49 · 7 answers · asked by kaseymay_2000 2 in Business & Finance ➔ Renting & Real Estate
Im Alabama, an agent can not do that, but should lead you to the person who can. If you are working with a realtor who only wants to deal with selling your home and not at least guide you to the proper people, DROP them and fine a new realtor.
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2006-07-10 01:13:33 · answer #1 · answered by Paul D 2 · 0⤊ 0⤋
First, check your loan documents and see if the loan is even assumable. Assumable mortgages are no longer as common as they once were.
If your loan is assumable, a real estate agent can sell it for you, either as an assumption or a new loan. Keep in mind that you'll need enough equity to at least cover the commissions and seller's closing costs.
2006-07-09 15:26:39 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Yes, the loan is a wraparound loan. What state are you in. I'm a real estate investor always looking for opportunities. Send me an email: barraganf@meridiancapitalmortgage.com
2006-07-09 17:37:58 · answer #3 · answered by barraganf2001 2 · 0⤊ 0⤋
I think you, or a mortgage broker, might do better running an ad, depending on the mortgage loan.
2006-07-09 15:18:38 · answer #4 · answered by The Advocate 4 · 0⤊ 0⤋
Depends on where you live. Call some real estate office in your area
2006-07-09 15:12:38 · answer #5 · answered by ps2754 5 · 0⤊ 0⤋
yes of course you can. Ask some real agent he will provide necessary details.
2015-01-23 21:46:13 · answer #6 · answered by Name 1 · 0⤊ 0⤋
your lender can do that. or if you know someone who will qualify then you can submit them to your lender. im a loan officer in texas.
2006-07-10 04:06:58 · answer #7 · answered by Anonymous · 0⤊ 0⤋