I have a unique situation. Joe and I had owned a property jointly. Joe signed it off to me. I have the deed to a property with an official appraisal for 78,000. There is no mortgage or lein with any financial institution. I do have a mortgage for 40,000 with Joe on the same property. I have about 20,000 in outstanding unsecured debt. What are the chances I could refinance the property for around 60,000 so I can pay off the motgage to Joe and pay off my unsecured debt?

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Well, I thought it worthwhile to see if I could get a Reverse Mortgage community forum the ground to provide a place for senior homeowners and reverse mortgage professionals to exchange ideas, ask answer questions and generally, promote the free exchange of ideas.

mortgage franklin

There are few ways of getting a mortgage : -
1.Increase your down payment.
2.get your paperwork together.

Following are some additional suggestions which can help you to get the best interest rates on mortgages:

1. Understand and improve your credit
2. Reduce your debts
3. Improve you loan-to-value ratio
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I think you should rent the property out and payoff the mortgage value to joe and then keep the rent as your profit afterwards.

Regards,
Jhonny