Do We Need To Refinance?

If you are planning on purchasing the home, you will need financing as a non arms length transaction. In order to transfer title from your son's name into yours, any existing liens need to be paid in full. Is your son's ex-wife also currently on title? Lots of details here to consider but certainly a doable sceanrio depending on what your goals are here.Please feel free to call me to discuss...Ken Kopper, Mortgage Consultant, Tenacity Mortgage (800)496-0235 x1262.Good Luck!

If you would like to own the property, you would purchase the property from your son. If he has 20% or more equity in the property, I would be able to structure the loan with no downpayment from you as long as you qualify for the loan. We are NATIONAL direct lenders and can have an approval in your hands the same day. Shoot me an email to get the ball rolling. Thanks.

More than likely you will need to purchase the property - not refinance. Your son can gift you any equity in the home but this will be a complicated process and you will need a highly skilled loan officer to assist you. I would be happy to consult with you.Richard WoodwardBanker / Senior Branch ManagerWhen Trusted Advice CountsEnvoy MortgageOffice: (972) 661-5136 Fax: (972) 314-964717440 Dallas Parkway Suite 118 Dallas, TX 75287Visit Us Online - www.Envoy-Mtg.com