Posted on: 05th Apr, 2013 05:47 am
i want to refinance my home mortgage and my second home equity mortgage into a new refinance with my daughter. do i need to first put her name on the deed of the house before i would get approved? or can she just be put on as a cosigner and then afterwards work with an attorney to put her name on the deed only without mine.
Yes, you can refinance your mortgages without having your daughter on the title deed.
Oh yes! You can do so. Have your daughter as a co-signor.
Hi jaynethomas,
There are high chances that the lender will want you to add your daughter to the property deed before you take steps to refinance the mortgages.
Thanks
There are high chances that the lender will want you to add your daughter to the property deed before you take steps to refinance the mortgages.
Thanks
Though you do not need to put your daughter's name on the deed of the house, the lendcer will ask you to add your daughter to it.
Does anyone know where I can find out. This is what I get all the time. One person says yes I have to have her on the deed and then another person will tell me no.
Hi jaynethomas!
Welcome to the forums!
It is understandable that you're confused. In order to clarify your doubts, your best option will be to get in touch with your lender and take his opinion in this regard. He will let you know what he wants.
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
It is understandable that you're confused. In order to clarify your doubts, your best option will be to get in touch with your lender and take his opinion in this regard. He will let you know what he wants.
Feel free to ask if you've further queries.
Sussane
Hi,
Continuity of obligation means, one borrower who is on the loan must stay on the loan. So if you stay on the loan, and you want to add your daughter on the loan, the lender will allow this, and will have a grant deed to add on your daughter to title at closing...Good luck!
Continuity of obligation means, one borrower who is on the loan must stay on the loan. So if you stay on the loan, and you want to add your daughter on the loan, the lender will allow this, and will have a grant deed to add on your daughter to title at closing...Good luck!
