Posted on: 03rd Apr, 2011 04:38 pm
i have an fha loan. my uncle co-signed for my husband and i 3 years ago. i would like him off the title. my credit score was 700 but it went down to 570. what can i do to take my uncle off the title and add my husbands name on the title
how do i refinance to take someone off the title of my home??
how do i refinance to take someone off the title of my home??
Hi lrussell,
Your uncle can sign a quitclaim deed and transfer his share of the property to your husband. However, in order to remove your uncle from the mortgage, you'll have to refinance the mortgage. Unless you have a good credit score, you won't be able to refinance the mortgage. So, you should take steps to improve your credit score and then apply for a refinance.
Thanks
Your uncle can sign a quitclaim deed and transfer his share of the property to your husband. However, in order to remove your uncle from the mortgage, you'll have to refinance the mortgage. Unless you have a good credit score, you won't be able to refinance the mortgage. So, you should take steps to improve your credit score and then apply for a refinance.
Thanks