Rental Property Investor · Saint Louis, MO · Member since 2012 · 115 posts · 42 votes
Hi,
We own our primary residence and several rentals, nothing is owned jointly. This was done so that we could each get the most conventional loans.
Our primary residence is currently in my sole name. Can I sell this to my wife and we will put everything in her sole name, that would allow better financing terms. We are looking to refinance, and that brought up a discussion on this scenario...
You mean Freddie/Fannie loans, not conventional I think. Yes, but you can quick claim deed the property into your wife’s name, avoiding an actual sale. Contact an attorney who does real estate closings. You will have to rebuy title insurance, if that is important to you.
@Daniel B., I'd check with a local attorney and find out what the costs involved would be, as well as the "better" rate you'd be getting. If it will only save you a small amount, it may not be worth the hassle. Good luck!