How to remove name from co-applicant but NOT from co-owner ?

POSTED BY shah shah ON February 19, 2015 4:13 pm NO COMMENTS

Hello All,

We have bought home in 2013 where co-owners are My Mother, My Brother and Myself.
Also taken home loan from Bank Of Maharastra and co-applicants are My Mother, My Brother and Myself.

My brother and myself are earning persons but my mother is house-wife.
Keeping my mother name in home loan as co-applicant doesn’t add any value.

I would like to remove my mother’s name so that my brother and myself can claim 50:50 Tax-benefit.
Please suggestion what is the procedure to remove co-applicant name.

NOTE: My mother still will be co-owner.

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