Profile picture for dragonsunderfire

mother wants us to put house mortgage in our names

  • February 22 2014 - US
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Answers (4)

If you want to add or take off names from the mortgage then you will need to complete some type of refinance for this to be done. In order to do this successfully, that means that you must have credit and income that will be good enough for the refinance. In order the get this done the best thing for you to do is to speak with a knowledgeable lender to see if you can get started on refinancing. If you need additional assistance, feel free to reach out. Good luck!
  • February 26 2014
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Profile picture for Outer Banks N C
Chip, you can't just add or subtract names from a mortgage. You can from the deed, but not a mortgage. If your name is on the deed then that shows who owns the house, not the mortgage since that just shows who agreed to make the payments. You could try to refi with your name, but if your credit is bad then that might not be possible. As long as the payments are being made the bank is not likely to look for problems they don't know about. If they find that you are the sole person on the deed they might force the loan to be paid which means you might have to sell to pay it off. You might be better of sitting back and doing nothing, but keep paying the mortgage.
  • February 22 2014
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Profile picture for dragonsunderfire
My mother had previously given me a clear deed of one-third of the house and then a year later she moved in with a relative.
Now she wants me to put the mortgage in my name.
My credit is no good.
The house is worth 95k and the loan is 35k
How do I go about this? 
I have never owned a home.


Thanks    Chip
  • February 22 2014
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Profile picture for wetdawgs
Would you care to share more of the situation?  Click on "post reply" to give details.

  • February 22 2014
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