need to refi kind of
08-12-2008 | 05:29 PM
#1
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Joined: Oct 2006
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From: ft lauderdale
need to refi kind of
can someone send me in the right direction? i have my boat and loan in my wifes name for 2 years now and would like to change it all in my name now. is that considered a new purchase or is it a refi since its going from 1 name to another? i cant refi it in her name rite now. what are my best options? i have asked my bank that i have now and they r not taking any new apps. anymore. anyone have an out for me? thanks in advance for anyones help
08-13-2008 | 12:16 AM
#4
Charter Member # 55
Joined: Oct 2000
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From: Omaha/LOTO
She is basically selling it to you??? Sounds like a new purchase. I don't think it really matters with regard to rate though if its a new purchase or refi. Just that a new purchase would need $$$ down.
The problem I see is you could be liable for sales taxes. If she gifts it to you for tax purposes, then you might not be able to get the loan????? I don't know. Just some things to consider.
Sounds like a big mess to me.
The problem I see is you could be liable for sales taxes. If she gifts it to you for tax purposes, then you might not be able to get the loan????? I don't know. Just some things to consider.
Sounds like a big mess to me.
08-13-2008 | 08:29 AM
#5
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Joined: Jul 2004
Posts: 438
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From: Palm Harbor, FL
can someone send me in the right direction? i have my boat and loan in my wifes name for 2 years now and would like to change it all in my name now. is that considered a new purchase or is it a refi since its going from 1 name to another? i cant refi it in her name rite now. what are my best options? i have asked my bank that i have now and they r not taking any new apps. anymore. anyone have an out for me? thanks in advance for anyones help
Give me a call on this to go over the details. I have some calls in to my banks to see how we could work this.
Kyle
727-324-1359
