Whether you realize it or not, you may be dealing with two separate issues. One issue is can you get a mortgage based only on your income. The other issue involves legal ownership of the property. You may pay 100% of the value of the house but since you were not legally separated or divorced, your mate might be entitled to 50% of the value of the house when you sell. On the other hand, it is a number of years since I studied real estate law for this state. I imagine you should get the legal issues straightened out before you try to get the mortgage or at least check with the mortgage broker.
No the man can not be put out of the house after a separation , you will have to be legally divorced and do it if the court allows you to do so.
You can be separated and still live in the same house. No one has to move.The mortgage payment is made by the person whos name is on the mortgage. If it is in both names you are both responsible.
You are permitted to share the same house with anyone you want, whether legally separated or not.
By definition a mortgage is secured on the deeds of the house. They will have the deed (or officially have their name legally registered for the property) if they have given you a mortgage.
Only if your wife leaves the house to you as an inheritance are you legally responsible for her mortgage upon death.
Unless you were a co-signer or legally part of the purchase process on either the house or the mortgage, you have no legal responsibility to pay back the mortgage in part or in full. If the house with the mortgage was willed to you, I would consult your family lawyer for help.
Yes. If you inherit a piece of property, including a house with a mortgage, you are legally obligated to pay its bills.
if the mortgage is in your name then keep paying it off. if the mortgage is in both names of you and your ex then contact the finantial institution for advise so you dont have trouble later down the track with your ex claiming half when the house is paid off.
If they are legally separated on the last day of the tax year, then yes. Otherwise, no.
If they were married when said house was purchased then yes... unless they were legally separated on paper by judge/lawyer...then no.
If you haven't signed them yet, and you haven't any formal separation agreement, and you own the house jointly with your ex, you have as much right to say who lives there as she does. In fact, if she's got a boyfriend and you're not legally separated, that's lawyer fodder depending on the State you're in. It all depends on your State law concerning joint property and any separation agreement.
It depends how you want to buy it. If you've been left a lump sum and want to buy the house outright for cash - 16. If you need a mortgage - you cannot legally sign a contract for the mortgage unless you're at least 18.