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Matt Stigliano

"Rockstar turned Realtor®"
Experience:
Contributing Writer for AgentGenius August 2008—present
I've been writing a column for AgentGenius, a national real estate magazine, since August…
Realtor® for RE/MAX Access July 2009—present
I moved to RE/MAX Access in order to find an office that was technologically sound and…
... show more
Specialties:
Client service - Every client is treated like a rockstar when working with me. I want my clients to end the day feeling like they are being treated above ... show more
Certifications
& Awards:
Certified Texas Affordable Housing Specialist
Interests:
Music, Dallas Stars, Philadelphia Flyers, and travel.
About:
I moved to San Antonio two years ago after leaving the cold confines of Philadelphia, Pennsylvania. I loved PA, but the winter is not for me at all. ... show more
Testimonials:
"Matt is a rock star! Seriously, he is one the bright new faces in real estate. His energy and effort rock. Matt will be a star in this industry. He is ... show more
Matt Stigliano answered:
Need A Home,

Much like Ted mentioned, the "due on sale" clause is going to be a problem. These days you just can't transfer the responsibility from one party to another. Even if the loan is assumable, you would still need to qualify for the loan.

Basically the answer to your question is "don't."

If you're unable to be qualified for a loan and that's why you're looking at this as a viable option, the problem is that you would still need to qualify with the lender that holds the current loan. If you can't qualify with them, you can't just take over the loan payments.

I suggest you speak with a qualified local lender about getting pre-approval and if they can't, most reputable lenders will then suggest some steps you take that can help get you to a point where they'd be able to pre-approve you.

Hope that helps.

Matt Stigliano, Realtor®
RE/MAX Access
(210) 646-HOME
http://www.RErockstar.com
"Your all access pass to San Antonio real estate." - Wed Dec 16 2009, 12:53

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