Posted on: 10th Nov, 2009 08:42 am
my sister and i bought a home together she put the mortgage in her name she now is married and i have paid her off... i have been the only one paying the mortgage and now need to have it financed in my name only what do we need to do....
if the property is still in both your names, she'd have to quit claim her interest to you at the time you refinance (or earlier), to enable you to obtain a loan solely by yourself. all you need to do to begin that process is to approach a lender with whom you're comfortable, explain what you need to do and move on.
If property is showing your name. You need it financed in your name then should be contact your lender. Informed him about your problem and what you want.
Good Luck.............
:lol:
Good Luck.............
:lol:
yeah i guess so, chris
if you've been paying the mortgage yourself for some time anyway, you obviously have sufficent income to service the repayment so refinancing shouldn't be too much of a problem. watch out for any fees you may have to pay for breaking a fixed term if you have one though.
IF you have good credit and adequate loan servicing ability (which seems to be the case) you may well be able to secure a good interest rate aswell - perhaps even better than your current one if your willing to shop around a little and look at a few different lenders - a broker can probably help with this.
IF you have good credit and adequate loan servicing ability (which seems to be the case) you may well be able to secure a good interest rate aswell - perhaps even better than your current one if your willing to shop around a little and look at a few different lenders - a broker can probably help with this.