Posted on: 02nd Jul, 2009 07:52 am
My sister and I purchased a multi-unit apartment building last year. Unfortunately, due to student loans my name is not on mortage. What steps can I take to get my name added to the loan?
hi ciciblu,
you and your sister will have to refinance the loan and add your name to the mortgage docs. however, in order to refinance the mortgage in your name, you should have a good credit score and income. if it's a conventional loan, you should have a credit score of 700-720 and if it's a fha loan, then you should have a score of 620 at least.
thanks
you and your sister will have to refinance the loan and add your name to the mortgage docs. however, in order to refinance the mortgage in your name, you should have a good credit score and income. if it's a conventional loan, you should have a credit score of 700-720 and if it's a fha loan, then you should have a score of 620 at least.
thanks
You need to go through refinance the loan. After refinance the loan you can add name to mortage ,but before that you have good credit because all ledger will cheack credit. then provide mortage loan.
Or go through FHA loan.
Thanks
Or go through FHA loan.
Thanks