How can I take over mortgage?
I am currently renting out my uncles house for twice the mortgage. He has refinance loan for 20 grand. He plans to will the house to me but I’d prefer to just buy him out for what he owes now. The main reason are to remodel his house which is still 1960’s and to pay off debt with a equity loan.
The main problem I have is that I have bad credit and getting such a small mortgage seems hard with good credit. Is there anyway that I we can get the small amount out of his name and into mine so I can own the home?