My mother and I are joint tenants on a condo, her name is on the mortgage but she has recently passed away. Is it best for me to to process an assumption of the loan or do a refinance? We both have excellent credit. by mattf223 from Miami, Florida. Apr 26th 2010
I have ran across these deals in the past. A refinance will be best and you will need to show that your mother past away to take her off title. Rates are good right now so I would jump on it. Give me a call and I can help you out..Marty
Matt, first sorry about your loss, and next, unless you need to refinance the loan, or unless you can get a better rate today, just keep making the payments. You are on title, as joint tenants, you are the owner now. So, if you can improve your rate, or significantly lower your payments, refinance
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