Texas General Warranty Deed

My parents co-signed for my loan, so they are on the shield of our act (my wife and me) home. I want to get a mortgage, and everything came through OK to acceptance of the loan, but they say that since my parents are on the deed of general warranty, they can not give me the loan until 'that they are out of it.

I want to remove them from the act, without removing my loan. Is this possible? Is this possible in the state of Texas?

Another reason why I want to remove them from the General Act is to guarantee that I can receive 100% tax deduction on my farm exemptions. From now on, we can not infer firm 50%. Thank you for your help!

The only way to get them out of the act is to refinance the loan, he comes to your name. It. Now, since a mortgage in Texas now thats fish to fry. Do you know the laws on equity home in Texas are pretty tight. Did you know that you can borrow 80% of the appraised value of your home? And once you make a mortgage on your house, you can never make another loan, other than a mortgage on this property? Do you know home equity loans in Texas have very high rates?? I would really think to do this loan, and check with several lenaders before doing so.

It is possible, but it would not be wise for your parents to do so.

Who puts on the financial hook for a house they have no legal right to.

If you can get a credit line mortgage, then you should be able to refinance the loan YOUR OWN NAME, and Take your parents off the requirement completely.

You can not remove the title unless they quit-claim themselves off.