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Updated about 4 years ago on . Most recent reply

User Stats

41
Posts
23
Votes
Francis Nguyen
  • Real Estate Consultant
  • Philadelphia, PA
23
Votes |
41
Posts

Refinancing Options in PA

Francis Nguyen
  • Real Estate Consultant
  • Philadelphia, PA
Posted

Hi BP,

I wanted to share my situation and would appreciate if anyone could chime/help in. My uncle's name is currently on the title for my mum's primary residence. Her interest rate is currently at 7%, with a little less than $200 of her mortgage is going to the principle. We realized that it would be in her best interest to refinance out, since interest rates are at an all time low. Any advice on how to add her name to the title/remove my uncle's name while avoiding the transfer tax so that she could refinance out? 

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