Posted on: 10th Jun, 2007 05:29 am
my husband and I have a house in ct. We bought the house mortage and title in both our names. We then did a refi while my husbands credit is better than mine,mortgage loan went in his name only . I am still on title. My daughter is 23 , has her own business and has excellet credit. I would like to quick claim my share of intrest i nhouse to her so she at some point can refi with my husband, take cash out to buy a condo. Anything I should have concerns with?
Hi Nancy,
There should not be any problems in the plans you have but do let the lender know about the change in title ownership. He should not have any objections to it but it would be better if he is made aware of ownership transfer.
Miller
There should not be any problems in the plans you have but do let the lender know about the change in title ownership. He should not have any objections to it but it would be better if he is made aware of ownership transfer.
Miller
Nancy you should not quit claim right now.
When you expect to get lower rate on refinance than what you have for the present mortgage that time only refinance & also transfer your interest.
If your husband and daughter are not going to refinance now then transferring ownership at present is of not much use.
When you expect to get lower rate on refinance than what you have for the present mortgage that time only refinance & also transfer your interest.
If your husband and daughter are not going to refinance now then transferring ownership at present is of not much use.