Quote:
Originally Posted by PegCityFlamesFan
Quick question if anyone is knowledgeable about this. I broke up with my common law girlfriend and I am trying to buy out her portion of the house. We've only been in it for a year but with the housing prices sky rocketing I know the equity went up. We bought for 230k and have about 227 left on it. I owe her 5k for the deposit. If they assess it at say 240 plus the 5k I am assuming I'll be paying her about 10k.
Long story short I was thinking about refinancing and adding the 10k to the mortgage but with the new 80% law how does this work. Any help is appreciated.
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Is this a post from 2007?
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