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changing name on house

Posted on: 09th Mar, 2009 07:35 pm
my mother is going to be the co borrower on my house, my question is this:
will i get credit for the payments?
do i have to refinance to take her name off the house? or is there another way?
Hi mustang,

In order to remove her name from the mortgage, you will have to refinance it. But if you want to remove her name from the property, then she will have to sign a quitclaim deed in your favor. If both of you are on the mortgage, then you can claim tax deductions for paying the mortgage dues.
Posted on: 09th Mar, 2009 11:31 pm
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