Posted on: 02nd Dec, 2009 07:31 pm
In this scenario, I am transferring equity that leaves intact sufficient residual value in the home to satisfy the mortgage.
Hi Guest!
Welcome to forums!
As far as I know, you can transfer your share of the equity to someone else. But if your name is on the mortgage and you transfer the equity to someone else, then the lender will want the other person to refinance the loan and add his name to the mortgage docs.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
As far as I know, you can transfer your share of the equity to someone else. But if your name is on the mortgage and you transfer the equity to someone else, then the lender will want the other person to refinance the loan and add his name to the mortgage docs.
Feel free to ask if you've further queries.
Sussane