Can I buy out a co-owner's share by refinancing? | NC

About this video

Q: Can I buy out a co-owner's share of a house if I refinance the property into my name? A: Yes — often you can, if both owners agree. But the refinance alone is not enough. A new loan in your name may pay off the old mortgage, but the other owner stays on title until that owner signs a deed transferring the ownership interest. You also need to clearly settle the buyout amount, including any…