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mortgage transfer

Posted on: 14th Jan, 2011 03:18 am
For the past 2 years I have taken over my brothers house paid the mortgage etc the house value is 260,000 and the mortgage is about 180,000...I know want to transfer the mortgage over to my name etc..and pay the same low monthly is that possible? what's the best way to go about it??
hi scotty,

you will have to refinance the mortgage in your name in order to get it transferred. as the rates are still going low, you'll be able to pay the same low monthly payments.

thanks
Posted on: 14th Jan, 2011 06:13 pm
Hi Scotty,

I would suggest that you consult first with your mortgage broker. As far as I know, before you can transfer the mortgage in your own name, there would be a lot of necessary things to do. But your idea of transfer is really great.
Posted on: 16th Jan, 2011 09:48 pm
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