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Updated over 8 years ago on . Most recent reply

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5
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Juan Casanova
  • Mission, TX
0
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5
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Quitclaim deeds help

Juan Casanova
  • Mission, TX
Posted

Hi everyone, my Dad and I are trying to start investing in real state I have bad credit and will not qualify for any loans, my Dad has already paid off our home but he has a disability and will not qualify for any loans even if he uses the house as collateral; can I use a quitclaim deed to transfer ownership onto my name, and if so, can I apply for a home equity loan right away to buy another property once I acquire ownership?

Most Popular Reply

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1,730
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1,511
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Jason Hirko
  • Lender
  • San Antonio, TX
1,511
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1,730
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Jason Hirko
  • Lender
  • San Antonio, TX
Replied

@Juan Casanova First off, great name. Second, why would your dad's disability prevent him from getting a loan? 

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