What is the name of your state? Virginia
Hello,
I have a sister that wants to buy a home. Unfortunately, her credit is not good enough to get the home for 100% financing. Her husband told me, "If you put her name on the title, you can refinance the home after 3 months and your name be off the loan." Is this true? All I'm doing is using my good credit for them to get a home, but will I be liable for the loan after I refinance and the names transfered?
Thanks in advance
Hello,
I have a sister that wants to buy a home. Unfortunately, her credit is not good enough to get the home for 100% financing. Her husband told me, "If you put her name on the title, you can refinance the home after 3 months and your name be off the loan." Is this true? All I'm doing is using my good credit for them to get a home, but will I be liable for the loan after I refinance and the names transfered?
Thanks in advance