I'm getting married in June. My fiance has a mortgage ($220,000) on a house (valued at approx. $220,000 in this market) that his brother is a secondary borrower on. We would like to remove his brother and put my name on the mortgage. His brother approves. I make a good salary ($80,000/yr.) and have good credit. The mortgage was recently refinanced at 5.5%. We are currently renting the house out and would like to sell it as soon as the market returns. We are wondering if we should refinance with my name on the mortgage or if there is some other way to substitute my name for his brother's?
