In a refinance, how many people can you add to the title?

Can you have people that are not on the loan to be on title? Also does the co-borrower have to be on title?

In a refinance, how many people can you add to the title?

In most cases you can not add persons to the title that are not on the mortgage. Most mortgages have a %26quot;due on%26quot; clause which allows the lender to call your loan due immediately. One is a change in title. Will a lender know about the change? Probably not and most could care less as long as the payment keeps coming.

The co-borrower is wise to be on the title and in most cases is required.

In a refinance, how many people can you add to the title?

You don%26#039;t have to refinance to add people to the title!!!

You can add as many people as you want thru a %26quot;quitclaim deed.%26quot; Any local real estate attorney would be able to draw one for you and record it for you.

If you ARE refinancing and want to add someone who isn%26#039;t already on title that%26#039;s fine. You would need to let the lender and real estate atty know and you would sign that little %26quot;quitclaim deed%26quot; at the closing along with your mortgage docs. It will be recorded at the same time as your mortgage etc.

As far as a %26quot;coborr%26quot; being on title or not, think of it like this....would you be able to borr money against something you didn%26#039;t own? Anyone who is on the mortgage WOULD have to be on the title. They obviously have to have an interest in the security on their loan. How would a lender ever get their money back if the loan wasn%26#039;t paid?