Posted on: 12th Mar, 2010 08:32 pm
Hi I recently purchased a home about 4 months ago and my sister help me co-signed due to we both have good credit. My fiance's was not able to qualify with me due to bad credit. My question was its been about a year that she been trying to pay off all her debts and now I want to add her to my loan and remove my sister. My fiance has good imcome coming in and she is know down to only needing to pay off one more credit card. My questions was the following will I be able to add my fiance in the loan and how early can I remove my sister from the loan? Pls review and advise
If your fiance has a good credit score, then you would be able to add her to the mortgage by refinancing the loan. While you refinance the loan along with your fiance, you will be able to remove your sister from the property deed. In order to remove your sister from the property deed, you'll have to ask her to sign a quit claim deed in your name.
yeh, that's right way.
