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I own a home - I want to become joint tenant with someone and refi the outstanding with the other party holding the mgtg. How?

by madforfiber390 from Glendale, Arizona. Aug 14th 2015 Reply


Richard Airey (richardairey)
#5 ranked lender in Maine - 662 contributions

It's a basic refinance, simply adding you to the loan and title. You will most likely have to pay transfer tax depending on your state and relationship to the current borrower. Simply apply for a refinance with both of you on the application. What state are you in?

Aug 14th 2015
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,938 contributions

Nothing complicated here.. I'd be happy to help.. There are no "Transfer taxes" due in AZ.. It's best you use someone ( like Me!) local since they would be familiar with local customs and intricacies that most of your internet or nation wide lenders wouldn't have a clue about.. This will save you on much undue stress and frustration.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Aug 14th 2015
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Hans Bruhner (Hans Bruhner)
#100 ranked lender in California - 101 contributions

I am in CA and have been on this site for years. I don't know William Acres personally but he ALWAYS gives good advice even when he is giving advice to people in other states. Since you are in AZ, call him, you will be glad you did.

Aug 14th 2015
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Sean Young (SeanYoung)
#2 ranked lender in Colorado - 1,107 contributions

You would just do a normal refinance and of course you both would need to qualify for the loan. I suggest speaking with a local lender like William Acres to get you pre-approved and see what your available options are. Best wishes, Sean

Aug 16th 2015
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Mark Hemingway (SFSLend)
#1 ranked lender in Colorado - 569 contributions

You simply do a refinance with the other person and then you both will be on title and the loan. You just need to make sure you both qualify with your current credit and income.

Aug 18th 2015
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