Q: Can I get a loan on a home left to me and my two siblings to pay them their share and I own the home with new mortgage?
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A:
As a legal matter, yes, you can. As a practical matter, you would have to discuss this with a few lenders until you find one that is willing to lend. The lender will not only look at how much you want to borrow in relation to the value of the property (called loan-to-value or LTV, the lower the better) but also your ability to make the monthly mortgage payments. They will be looking for an acceptable credit rating and a sufficient and reliable source of income for repayment of the loan.
You can call local banks and also look online. There are a lot of online loan lead generators. Try lendingtree.com and quickenloans.com for starters.
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