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Unconstitutional Patriot
Join Date: Apr 2000
Location: volunteer state
Posts: 5,620
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Tell your bud to check his credit report and score. If he hasn't built up a record of regular payments and established a credit history, he may end up having to bend over and kiss it.
Qualifying for a refi also depends on the loan to value (does he have any equity) and debt/income numbers. A lot of the BS NINJA (no job, no income, no asset) loans are like an honest politician (read: extinct).
Little brother might also want to let big brother know he's in a bind. Quitclaiming does not absolve big brother from being responsible if the loan goes delinquent.
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