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Transfer of home and mortgage between family members...

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Junior Member

My in-laws are looking to transfer their home and mortgage to my wife and I. We both have good to very good credit. What would be the best option for this transfer? Quitclaim title transfer and then refinance? Contract for deed? Assume the loan? Also, we will be renting out our current property for the first time (within the next month), so for that money to qualify towards new loan we would need 12 months of rental history first. Thank you very much for your help.


Senior Member
You need to apply for a purchase money mortgage. Odds are, the rate is better on a new loan.

Only the current lender can advise how and even IF the mortgage can be "transferred".
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