Refinancing parent’s home

[Andre Le]

Hello everyone,

My parents have about 200k left on their mortgage and I think around 150k in a HELOC. The house has appreciated to around 2mil so there's about 1.6mil in equity. I feel like the equity sitting there is just wasting away doing nothing. I was wondering if I can take over the mortgage and refinance it to buy investment properties out of state. Are there any requirements needed to do so or do they have to do it? Also, the house's title/deed is under my Uncle's name so I'm not sure if that affects anything. Is it better to contact a loan officer for these answers? Any help would be appreciated, thanks!