Zillow Advice: Mortgage - Adding name to parents house deed benefits? http://www.zillow.com/advice-thread/Adding-name-to-parents-house-deed-benefits/514082/ Zillow Advice | Zillow Real Estate I can offer no opinion of ... http://www.zillow.com/advice-thread/Adding-name-to-parents-house-deed-benefits/514082/ I can offer no opinion of the benefits and/or detriments of putting your name on the title as I have no authority and/or licensure as a tax professional.<br/><br/>However, I can address the mortgage.&nbsp; If you are on the title, you and your parents can refinance&nbsp;is your names only.&nbsp; If your uncle and aunt are not on the new loan, the derogatory credit on your uncle's report would not impact a new refinance at all.<br/><br/>Of course, there are all kinds of financial considerations to evaluate for your situation.&nbsp; Start with a tax professional and/or financial planner.&nbsp; But, unless there is something missing here, do not assume refinancing is out of the question without consulting a mortgage professional.<br/><br/>All my best,<br/><br/>Deborah<br/>NMLS 279125<br/>WJ Bradley<br/><br/>"We Listen. We Care. We Deliver." Fri, 04 Oct 2013 17:40:00 GMT http://www.zillow.com/advice-thread/Adding-name-to-parents-house-deed-benefits/514082/ 2013-10-04T17:40:00Z HI, You need to be careful, ... http://www.zillow.com/advice-thread/Adding-name-to-parents-house-deed-benefits/514082/ HI, You need to be careful, your walking into a mine field. You need to talk to your tax professional and title officer. Adding your name to title, won't let you claim the mortgage deduction on your taxes. The only person who can claim it is the person on the loan. And for the property taxes, you have to be filling a Schedule A, to take advantage of this. And by adding your name to title, you maybe jeopardizing your ability to buy a home in the future as a first time home buyer, and take advantage of any programs from the FHA. Good luck,&nbsp; Fri, 04 Oct 2013 06:20:00 GMT http://www.zillow.com/advice-thread/Adding-name-to-parents-house-deed-benefits/514082/ 2013-10-04T06:20:00Z