Posted on: 03rd Nov, 2010 07:38 am
my son is currently carrying the loan on a 2nd house, which is deed in his name and my husband; we would like to refi the house in my husband's and my name, as well as the deed.
How can this be done without paying off the property loan prior to refi?
Thanks!
How can this be done without paying off the property loan prior to refi?
Thanks!
hi sfagon,
welcome to mortgage fit,
in order to accomplish it you need to give a call to lender convince him about your plan.obviously he might have some queries and if you could satisfy that your work is accomplished.
lender only make sure that his debtors are good people and have a good credit score......
ask your lender that you wish to go through 'novation' in order to transfer the responsibilities.meanwhile if you are very busy person,you may take help from professional lawyer in order to smooth en the process.
feel free to ask any further query if you have.........
dipa
welcome to mortgage fit,
in order to accomplish it you need to give a call to lender convince him about your plan.obviously he might have some queries and if you could satisfy that your work is accomplished.
lender only make sure that his debtors are good people and have a good credit score......
ask your lender that you wish to go through 'novation' in order to transfer the responsibilities.meanwhile if you are very busy person,you may take help from professional lawyer in order to smooth en the process.
feel free to ask any further query if you have.........
dipa