Posted on: 05th Feb, 2011 07:26 pm
my sister and i bought a home each paying half. we want to refinance to get some cash out with my name on the loan and both names on the deeds. will we both be responsible for the loan or will the loan be my responsibility only? she is now disable receiving a forth other old salary.
Hi Guest,
If you refinance the mortgage solely in your name, then you will be liable for paying off the mortgage in full. Your sister won't be liable to pay the mortgage then.
If you refinance the mortgage solely in your name, then you will be liable for paying off the mortgage in full. Your sister won't be liable to pay the mortgage then.