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Company Loan Type APR Est. Pmt.

refinace

Posted on: 04th Sep, 2011 10:51 am
i am on a mortgage with my daughter. i would like to refinance and take my name off the mortgage. will the lender automatically do this or can it be denied?
Posted on: 04th Sep, 2011 08:06 pm
of course, there's much more to it than simply the equity in the home. your daughter must be able to qualify to undertake the new mortgage, with sufficient income, adequate credit, etc. if she does, then you can provide her with a quit claim deed to transfer your ownership to her at the time she closes, and the lien would be placed on what would at that point become her house, as sole owner.
Posted on: 05th Sep, 2011 01:16 pm
Agreed, George!! :)
Posted on: 05th Sep, 2011 06:47 pm
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