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    tswanson's Avatar
    tswanson Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jun 6, 2007, 06:44 AM
    Adding someone to mortgage/lowering rate
    If you add someone to a mortgage that has good credit will this allow you to
    Get a better rate and lower payments or must you refinance in order to do this?

    Torrie
    LisaB4657's Avatar
    LisaB4657 Posts: 3,662, Reputation: 534
    Expert
    		  
    #2

    Jun 6, 2007, 06:50 AM
    You will have to refinance in order to get a different rate or different payments. If the person you are adding has good credit then you may get a better rate.
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