Converting housing loan to my name

Hi Everyone,

This post is regarding my housing loan. Two years back we got a housing loan from a reputed bank. Loan is on my father name (Home/Land documents also) and myself is guarantor. But now only I realized that I can’t avail any kind of tax benefit towards the housing loan as guarantor. (Though we are paying EMI from my income).  No taxable income for my father also.

So Kindly advice how I can avail IT benefits on this.

Please advise the complete process of converting housing loan from my father name to my name (If it’s possible.)

Thanks in advance

- vinoth