Posted on: 02nd Feb, 2009 10:05 am
my grandpa passed away a while back. my father and mother are living in my grandpas house which is under my uncles girlfriends name. my dad took over the mortgage payments because my uncle and his girlfriend weren't keeping up with the bills at the time when my father was paying them rent. my dad wants to get the house under his name. my uncles girlfriend wants like 7,000 and than she'll sign the house over to my dad what should he do?? should he get it refinanced or what?? my husband says that he should get it refinanced get approved for a loan. and pay my uncles girlfriend the 7,000 with the refinance money
Hi !!
Im very sorry to know that youve lost your beloved grandpa.
May his soul rest in peace.
Coming back to the question you posted in the forum, Id say refinancing would certainly be a very good option. You can apply for a cash-out refinancing and pay off the existing mortgage and the money that remains in excess can be utilized to pay your uncles girlfriend.
And as your dad refinances, he can also get his name in the title at the same time.
Take care & be happy.
God bless you.
Im very sorry to know that youve lost your beloved grandpa.
May his soul rest in peace.
Coming back to the question you posted in the forum, Id say refinancing would certainly be a very good option. You can apply for a cash-out refinancing and pay off the existing mortgage and the money that remains in excess can be utilized to pay your uncles girlfriend.
And as your dad refinances, he can also get his name in the title at the same time.
Take care & be happy.
God bless you.