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If a spouse is not on a mortgage loan do they have rights to the house?
Wiki User
∙ 16y ago
The answer depends on the laws in your particular jurisdiction and when the property was purchased.
Wiki User
∙ 9y ago
Wiki User
∙ 16y agoIf they are on the deed to the home, yes.
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Can a spouse's income be used on a mortgage loan if she is not a co-borrower?
No, you can't use your spouse's income on a mortgage loan if she isn't going to "sign" it as a co-borrower. Only the incomes of those who sign for the loan are considered.
Does your spouse's credit score matter when getting a mortgage?
If your spouse is going to be on the loan, then yes it does matter.
Are there any negatives to a married couple having only one person in the marriage on a home loan?
Yes there are... if the person that is on the mortgage dies in a car wreck or something then the spouse will have a difficult time claiming the house unless the house was put in a will to the other who isn't on the mortgage. The house could go in default of payment and the spouse not on the mortgage wouldn't necessarily know about it.
What is the difference between a construction mortgage loan and a normal mortgage loan?
A normal mortgage is borrowing money to buy a house. A construction mortgage is when you own a house and borrow money against the house for repairs or renovations.
What is a loan to buy a house?
mortgage
How do you do a bridge loan when there is no mortgage on one house?
How do you do bridge loan when there is no mortage on one house?
What is the purpose of mortgage loans?
A mortgage loan is obtained when one is purchasing a house. In return for using the value of the house as collateral, a mortgage company will provide a loan for the remaining balance.
Is it true or false that a mortgage is a type of unsecured loan?
It is false. A mortgage is a secured loan. The house itself is the security.
My spouse died and the house was just in his name there is no equity now but there is still money owed how do you get the house in your name the company still send the bill in your husbands name?
Contact the mortgage company. They may work out a new loan in your name. It may be necessary to contact an attorney about your rights in your specific state.
How do you get a 2nd mortgage discharged and keep your house?
You don't. A second mortgage is a secured loan, just as the first morgage. The difference is the first mortgage holder has priority if it involves a lien against the property or foreclosure rights. The only option is to try to negotiate with the lender for reaffirmation of the loan
What is a mortgage loan?
house documents are mortgage and title deed at register office
If you are divorced from your previous spouse who got the house and your name is still on the mortgage how responsible are you for the debt when it goes into foreclosure?
The home is simply collateral for the loan. Regardless of what happens to the vesting of the property (legal ownership) you are still liable for the loan. If a court awarded the home to a spouse, the loan should have been refinanced into their name. If that did not occur your liability for the loan has not changed.
