Real Estate Law
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So, you do not necessarily need to add someone to the title to your home to get refinancing. For example, if your dad said he would help cosign on the refinanced loan that you are seeking, then lender could still go forward with the refinancing without adding your dad's name to the loan.
If the person that is wanting to help with the refinancing is demanding that you add their name to the title then you first need to have a written agreement with them to that effect that states that at the time the loan is approved and accepted by the two of you, you will, at that same time, add his/her name to the title so that you are both 50-50 owners of the property. You and this person can write up something to this effect and date it and sign it.
Then, to make the actual transfer you would use a form such as this where you are the grantor and then you AND he/her are now the grantees. Then you would record/file this in the county deed records.
Here is another example.
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This simply is not true; unless the particular lender you are using has such a policy. Other lenders may not have this same requirement as, generally, getting a loan for a house or a car or anything for that matter has nothing to do with who actually owns the property.