Transferring mortgage and deed - Free up debt to purchase/cosign

[Michael Orlando]

Hello,

I have a mortgage in my name and have tenants in that condo, where I collect rent. I currently live in a home that does not have my name on the mortgage. I am looking to free up my debt from the mortgage where my tenants are to possibly buy and/or cosign a home for my sister. She has a mortgage in her name where tenants live and she currently lives in a place and pays rent. I am unsure she will qualify to borrow more due to the current mortgage.  With that said, I was wondering if I would be able to transfer my mortgage that is in my name, to my father, who does not have a mortgage in his name. Maybe this would free up my debt and since my salary is higher than my fathers, I can be leveraged to buy and or cosign for my sister, without that debt in may name anymore...

Thoughts?

Thanks,

Michael