Buying house from a family member?The house where we live in, is under my wife's name at a APR of 6.something% (FHA) - both on the loan and on the titleSince interest rates are low (but slowly creeping up), we are in the market to get something better. Our first option was to refi with our current lender (Bank of America). The thing that kind of bothers or concerns me is when they started our process for re-fi, they are not taking into account the remaining balance on the loan but the original amount. Not only that the interest they quoted really doesnt take into account my credit score (which is in the top bracket) but instead they take some average score and base the numbers on that. I don't think that is really a fair deal.I really am not comfortable following through the process with BofA.So I am thinking, why cant I just buy the house from my wife using a different lender. Process it as a brand new loan and start fresh based on my credit score. Will I get benefits as a first time home buyer (since I have never owned a house before)Is that the right approach? Suggestions, thoughts, comments welcome.July 30 2013 - McDonough0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.