How to transfer real state property from family member without affecting my ability to buy a house?
I've been researching about it and the answers that I found are mixed... There is a quit claim deed that we can do but, like I said, mixed information in terms of my credit being affected...one statement says that the house will be counted as a mortgage under my name thus affecting my credit and ability to acquire another house (at least making it harder and eliminating the privileges that a first time home buyer may get)...WHILE another says the mortgage can be left in my parents name as long as I'm making the payments for it but transfer the Deed or title of the house to my name. That way my credit won't be affected. Which would be true on this? Or is this even the right way of transferring?
Your help would be much appreciated.