My husband and I are 60 years old and own a home with a first ans second mortgage. Due to a job loss, our income has declined dramatically. My so has been living with us for the past year, and helping switch expenses. The goal is to eventually sell him the house and move someplace more manageable for us. My question is this. If we do a quitclaim deed adding him as an owner, can he then refinance the first mortgage? If we pay off the second mortgage, can we then deed the property over to him? Thank you.