This is if I am on title, credit scores are similar. Is there some sort of addendum that can be done like when you take over payments of a car note.
If I am on title on a home, can I be added to a home loan without refinancing?
No you can not be added to the note without refinancing. Mortgage loans and car loans are like comparing apples to oranges.
If I am on title on a home, can I be added to a home loan without refinancing?
I take it that the interest rate on the current loan is low and you want to take over the loan. There are a couple of ways to do this:
1. place the property into a trust and take over the trust.
2. use a wrap around mortgage also called an All inclusive trust deed or deed of trust.
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