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10-14-2007, 09:18 AM
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If I file a Quit Claim Deed do I have to...
...refinance the mortgage? Currently both myself and my daughter is on the deed to our home in New Jersey. I have a Home Equity Line of Credit in my name but would like to remove my name from the deed. Can I file a Quit Claim Deed, but continue to pay the line of credit?
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10-14-2007, 04:26 PM
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Sure that's not a problem, Just an FYI if you remove yourself from the deed you will still be on the Mortgage. The only way to get off from the Mortgage and deed is to refi your loan.Good Luck. Also be careful that if you file a quit claim that you don't up cap the tax bills which would raise your taxes. Just ask the question to make sure you should be ok but you might want to make sure.
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