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If you are going through a divorce can one spouse sign over their half of the mortgage to the other party without having to refinance?
Wiki User
∙ 17y ago
It is my understanding that if both are on the mortgage, you must refinance so that you are both not held liable for the balance. If still on the note the other person would not be able to qualify for another house, car, etc. without that being considered as part of their debt.
Wiki User
∙ 17y ago
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How do you get your ex off of the mortgage without refinancing?
You can't. You must refinance.
How can I refinance my mortgage without a job?
get a job u lazy heffer
How do you remove someone as a co-borrower on a mortgage?
Refinance the lending agreement without the person's being a participant.
I want to refinance and pay down my existing mortgage by nearly half, in order to make my monthly payments smaller. Can I do this with a "no cost" refinance and not borrowing any money in the refinance?
I think if you can effort for it you can have a refinance without borrowing the money.
If I choose to refinance my first mortgage, will it have an effect on my second mortgage for the same property?
Yes it usually does. Most often you can not refinance unless you pull both mortgages into one and you can't do that without equity. My parents have this problem now.
Can a cosigner be removed from mortgage loan?
No. The loan must be paid off and you must refinance without the co-signer.
Has anyone applied for refinance with American Home Mortgage?
yes we did in April of 2007. We have numerous of questions without answers, can you help?
I am going through a divorce, my ex-wife needs to refinance,but we owe more than the house is worth we have a 1st&2nd fixed and never missed a payment in 10 yrs.also have a 740 credit score what can she do need my name off of the house.owe 300k worth 250k?
You cannot get your name off the mortgage unless you refinance. You may be able to have her refinance the home if you sign a note for the difference between what she can finance for and what is owed. You can also contact the first and second lienholders and request a short sale without recourse.
How can I terminate my ex-partner's obligation on a mortgage loan without removing him from the mortgage loan as I won't be approved for a refinance if I have sole responsibility for the loan?
No you can not. The best you can do is take him off the deed by having him sign a quick claim deed. You will need to qualify for a refinance to get him off the loan.
Your mother is a life estate tenant can you refinance without her signing any papers?
No. Your mother would need to consent to the mortgage by signing it. The lender will discover her interest when it has the title checked and will insist that she signs the mortgage.
What is the best way to refinance a home loan rate?
The best way to refinance a home loan rate is to obtain another loan without having a mortgage. In this way in the event of inability of payment, the customer will be insured and not lose own home.
Is there a way to remove a co-signer from a mortgage without refinancing?
No. If the primary borrower's credit rating has improved and you go back to the original lender, you MAY be able to refinance without many of the usual closing costs.
