Hi all,

Please guide me with this issue. My dad refinanced house 7yrs ago and my name is in joint loan. Now my husband I planning to refinance house under my name. My husband's house is under is name currently. Reason to refinance is to settle pending debts and use balance cash to buy second hand condo. If refinance approved under my name, can I still buy new house under my name? Please advise. Thanks alot

If refinance approved under ur name on both house, it means u would have 2 properties loan. Which means the 3rd house definitely can get Max of 70% loan only.

Anyway,

Your husband house got have your name in SPA before it could be refinance with your name on loan...

2 named in SPA can have 1 name in loan/2 names in loan

1 named in SPA can only have 1 name in loan.

Because bank will access the risk...without your name it cant be done.

If I am not mistaken...

This post has been edited by taitianhin: Nov 2 2017, 08:10 PM

Thanks for your reply. Let me check with the bank