Legal Question in Real Estate Law in Texas

Texas/ My parents are on the mortgage on my house. They deeded it to me 12 years ago. I have made all the payments and property taxes since then. I want to refinance to lower interest rate and escrow taxes and insurance. I understand that I have to transfer deed back to them in order to refinance. I can't qualify for the loan. My question is once the deed is filed and it is back in his name can he refinance immediately or is there a season time before refi? Getting contradicting info.

Asked on 2/06/13, 12:26 pm

1 Answer from Attorneys

Donald McLeaish McLeaish&Associates;, P.C.

Call a mortgage lender..or their bank...they can refinance and when that is done, have the title put in their name with you as beneficiary..but it is not uncommon

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Answered on 2/06/13, 1:53 pm

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