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Mortgage  Question?
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Mortgage to buy-out relatives that I own home with

My mother willed her house to me and my two sisters. I would like to keep it but I do not have the funds to buy them out. Can I get a mortgage that would pay them off so I could keep the house?

Harry Jensen, Trusted Mortgage Expert with 45+ Years of Experience
, Trusted Mortgage Expert with 45+ Years of Experience

As long as you qualify for the mortgage based on your financial profile (monthly income and debt) and credit score, you should be able to obtain a mortgage to buy-out your sisters and own the property outright. Please note that lender qualification requirements may be different depending on if the property is owner-occupied (you plan on living in the property) or non-owner occupied (you plan on renting the property). For example, some lenders require lower loan-to-value (LTV) ratios of 70% or less for non-owner occupied properties. Additionally, you will have to be able to take legal ownership of the property from your Mother's estate when the mortgage closes.

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About the author

Harry Jensen, Mortgage Expert

Harry is the co-founder of FREEandCLEAR. He is a mortgage expert with over 45 years of industry experience. Over his career, Harry has closed thousands of loans for satisfied borrowers and now offers his advice and insights on FREEandCLEAR. More about Harry

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