Jan 10 2024, 10:46 AM
QUOTE(loiwj91 @ Jan 7 2024, 12:39 PM)
Hi Guy's,
Currently i have a property under me and my wife name and the loan will be under my name , for your information we are going to divorce soon hence she would like to transfer the ownership to me however based on my lawer explanation i need to refinance and redo the loan agreement as well which costs another 10 k , is there any other way to prevent refinance process ? as in discuss with bank ?
Thanks in advance.
if you can settle the loan by cash, then you no need to pay for the legal fees. If you cant settle by cash, then you will need to do refinance. Loan agreement fees and valuation fees can finance into loan amount.if the home market value got increase, you can apply for cash out also for the transfer fees payment.Currently i have a property under me and my wife name and the loan will be under my name , for your information we are going to divorce soon hence she would like to transfer the ownership to me however based on my lawer explanation i need to refinance and redo the loan agreement as well which costs another 10 k , is there any other way to prevent refinance process ? as in discuss with bank ?
Thanks in advance.
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