Posted on: 25th Sep, 2010 12:07 pm
Hi. Can a quitclaim deed for a property be used to secure a loan on another property if you do not have good enough credit to secure a loan? This is in Georgia by the way.
welcome mackie,
a quit claim deed will only give you the ownership of the property. it won't help you in qualifying for a mortgage. you should have a good credit score and income in order to get a mortgage.
a quit claim deed will only give you the ownership of the property. it won't help you in qualifying for a mortgage. you should have a good credit score and income in order to get a mortgage.