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adonis

Posted on: 02nd Jan, 2011 06:24 am

One of my fast friend own a new home and he is alone on deed. he want to refinace as his credit is poor.His Dad are having excellant credit score. Can he add his father to deed?Can he use his father as co borrower? As he has good income and his father has excellent credit score.

Total Reply : 1

Hi sunil,

Your friend cannot refinance his mortgage if he has a bad credit. However, if his father has excellent credit, then he can add his father to the property deed and try to get the mortgage refinanced at a lower rate.

adonis

Posted on: 02nd Jan, 2011 06:28 pm

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