Hi,
We are a family of 4, mother, father, married elder brother and myself. My dad owns a house against his name and he is still paying home loan against it (remaining tenure of 7 years). Below are my questions.
1. Is there anyway my father, mother and myself can be made as co-owners of the house in such a way that the loan's tenure be increased based on my life time and I become the primary loan-payer?
2. If there is no way for #1, is there a way where my father transfers the property to my name, along with the home loan, and I become the sole loan-payer? Also, is there a way to legally make sure that my mother and my father have full rights to stay in the house until their life time?
3. In either of the above ways, is there any opening for conflicts from my elder brother? If yes, what is the best way to simply transfer the property and loan from my father to me without any openings for conflicts from my brother?
Sorry for the long descripttion. Your help is much appreciated.
Thanks!
