I just meant that unless you are doing a formal assumption of the loan and property by additional parties and with the original party still remaining part of the transaction, the addition of the additional parties would happen outside of the loan closing through a separate warranty deed. It is not a purchase if the original party still owns the property and depending on how you view it, it would not be a refinance, as it does not just involve the same borrower.
2(p) Refinancing
1. General. Section 1003.2(p) defines a refinancing as a closed-end mortgage loan or an open-end line of credit in which a new, dwelling-secured debt obligation satisfies and replaces an existing, dwelling-secured debt obligation by the same borrower.
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