Click here and start typing your question

I have a FANTASTIC solution for you. Simple and Quick and should accomplish everything you desire. Email me for additional details. adennie@fmbranch.com.

There's a lot of easier ways to do most things. The problem is, most of those aren't legal. Talk with a real estate attorney. You may find there is an easier way. If not, you'll find out the right way to do this. .... Happy funding, Rudi

Is this loan an FHA loan? If so, it has a qualifying assumption feature. That would allow you to take over the loan she has in place, but it wouldn't lower your rate; you would have to wait until you were more seasoned on title to refinance. It also may be possible to add you as a borrower if your Mother in Law refinances into a lower rate, but you'd be subject to certain restrictions; later on, you could do a Qualifying Name Delete Assumption through the servicer, which they do sometimes in the case of a divorce. When you break it all down, though, the easiest way is to complete this is as a purchase.