Lets say i bought a property, with joint names mortgage, but only me paying as the 2nd borrower only to get loan approved.

Now, i want to refinance the loan and the 2nd borrower agree to let me have only my own name on the land title...

so, the question now is

1. Do i need to pay for any stamp duty for the land? or something like that...

2. Or how should i proceed for that?
- Remove 2nd borrow name from loan
- Refinance

wild_card_my

This post has been edited by Petro-Canada: Dec 14 2014, 12:14 PM