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So my wife and i live with her mother. The e mortgage is in the mothers name I would like to refinance lower the payments and get the home in our name. Is this possible? what steps do I need to take? by victor938 from Hollywood, California. Jul 1st 2010 Reply


Akali Dennie (adennie)
#54 ranked lender in Florida - 196 contributions

I have a FANTASTIC solution for you. Simple and Quick and should accomplish everything you desire. Email me for additional details. adennie@fmbranch.com.

Jul 1st 2010
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I understand that I couldn't do it directly but what I am saying is that could my mother in law refinance her home, and at that time transfer it to our name? or is that two separate procedures? There must be an easier way than to just outright buy the home?

Jul 1st 2010
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Rudi Hofmann (CaPortfolioLoans)
#282 ranked lender in California - 380 contributions

There's a lot of easier ways to do most things. The problem is, most of those aren't legal. Talk with a real estate attorney. You may find there is an easier way. If not, you'll find out the right way to do this. .... Happy funding, Rudi

Jul 1st 2010
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Brett Pehrson (brettpehrson)
#19 ranked lender in Utah - 228 contributions

Is this loan an FHA loan? If so, it has a qualifying assumption feature. That would allow you to take over the loan she has in place, but it wouldn't lower your rate; you would have to wait until you were more seasoned on title to refinance. It also may be possible to add you as a borrower if your Mother in Law refinances into a lower rate, but you'd be subject to certain restrictions; later on, you could do a Qualifying Name Delete Assumption through the servicer, which they do sometimes in the case of a divorce. When you break it all down, though, the easiest way is to complete this is as a purchase.

Jul 1st 2010
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