Posted on: 23rd Aug, 2009 03:17 pm
can son continue payments on property after my death without refinancing if his name is not on the loan papers or should I add his name to mortgage loan?
slboat
Welcoem to the forum
It is always a good practise to inform the bank about the death of person who has the loan and refince
Good luck and feel free to ask
Welcoem to the forum
It is always a good practise to inform the bank about the death of person who has the loan and refince
Good luck and feel free to ask
hi slboat,
it is good if your son can refinance the loan in his name after your death. but if he keeps making payments on time after your death, he does not necessarily have to refinance the loan. as long as the payments are being made, the lender would not force your son to refinance the loan.
it is good if your son can refinance the loan in his name after your death. but if he keeps making payments on time after your death, he does not necessarily have to refinance the loan. as long as the payments are being made, the lender would not force your son to refinance the loan.