To refinance or not?

[Ann Baker]

Hello,

What's the best strategy in the following situation? A 3 unit plex currently has the mortgage under the name of an individual who no longer has any employment income. It's an adjustable loan so the goal is to get a fixed loan. What are the best options? Can we get someone else to take over the loan and will that result in property taxes getting reassessed? Or should we try to pay off the loan by borrowing funds elsewhere?