How do I remove my name from my sister’s house?

Southern California

We bought our house under my name because she and her husband were not approved for it. However, my sister had been paid all mortgage on-time.

When I tried to purchase another house, I couldn’t qualify because of debt to income ratio. According to loan officer, I cannot pay three houses with my current income. I forgot that my sister’s mortgage is under my name.

Now her income is more than mine and she had some cash flow to pay it off. What would be our best option so she can take offer her house?

Pay the remaining balance and change the ownership? Refinance under her name?

What would be the most cost efficient for us? Any help is appreciated.

submitted by /u/akunsementaraku
[link] [comments]

Southern California We bought our house under my name because she and her husband were not approved for it. However, my sister had been paid all mortgage on-time. When I tried to purchase another house, I couldn’t qualify because of debt to income ratio. According to loan officer, I cannot pay three houses with my current income. I forgot that my sister’s mortgage is under my name. Now her income is more than mine and she had some cash flow to pay it off. What would be our best option so she can take offer her house? Pay the remaining balance and change the ownership? Refinance under her name? What would be the most cost efficient for us? Any help is appreciated. submitted by /u/akunsementaraku [link] [comments]

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