How can refiance a mortgage in my name with the current mortgage company?

tianna_reid · Joined: 26 Aug 2008 Posts: 1 1.38 Dollars($)

Hi,

How can refiance a mortgage in my name with the current mortgage company?...I have been paying the mortgage on my mothers house for the past five years, which also includes taxes and insurance. After discussions with my mother she has okayed the transfer of the house to me. Will it be easier or possible to use the same mortgage company and insurance as is? I have a pretty payment history with them. All payments came from my bank account. Does she have to quit deed the house to me before I can pursue attainment of the mortgage?

Thanks.

laphillips

Hello tianna,

The best way to get these questions answered would be to talk to the lender. Your mother may have to submit written permission to the lender for you to get any answers but that is simple enough.

sara · Posted: Wed Aug 27, 2008 6:38 am Post subject: RE:

Hi tianna_reid,

Welcome to the forums.

You can use the same mortgage company or a different one depending upon whether or not you get a suitable loan offer. And your mother has to quitclaim the title to the property prior to your getting a mortgage. Or else, you can also refinance and get the property quitclaimed to you simultaneously.

Take Care

gmakerley · Posted: Thu Aug 28, 2008 6:21 am Post subject:

lynnette is right on point with her response. by all means, speak with the lender to determine how they would have you proceed. you need not deal with that particular lender, if you find that rates are not as favorable as you'd like. by all means, shop around, but be certain to advise any potential lender of precisely what it is you wish to accomplish.

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