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Can a co-borrower on a mortgage refinance without the land owner's consent?
Wiki User
∙ 12y ago
Of course not. The owner of the real estate must execute the mortgage. If the "co-borrower" is not also an owner then they are simply a "co-signer". In other words they have promised to pay off a loan for land they do not own. If the primary borrower defaults on their mortgage payments the co-signer will be held personally responsible for paying off the mortgage even though they don't own the land.
Of course not. The owner of the real estate must execute the mortgage. If the "co-borrower" is not also an owner then they are simply a "co-signer". In other words they have promised to pay off a loan for land they do not own. If the primary borrower defaults on their mortgage payments the co-signer will be held personally responsible for paying off the mortgage even though they don't own the land.
Of course not. The owner of the real estate must execute the mortgage. If the "co-borrower" is not also an owner then they are simply a "co-signer". In other words they have promised to pay off a loan for land they do not own. If the primary borrower defaults on their mortgage payments the co-signer will be held personally responsible for paying off the mortgage even though they don't own the land.
Of course not. The owner of the real estate must execute the mortgage. If the "co-borrower" is not also an owner then they are simply a "co-signer". In other words they have promised to pay off a loan for land they do not own. If the primary borrower defaults on their mortgage payments the co-signer will be held personally responsible for paying off the mortgage even though they don't own the land.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoOf course not. The owner of the real estate must execute the mortgage. If the "co-borrower" is not also an owner then they are simply a "co-signer". In other words they have promised to pay off a loan for land they do not own. If the primary borrower defaults on their mortgage payments the co-signer will be held personally responsible for paying off the mortgage even though they don't own the land.
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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
Can you drop a spouse from a mortgage without their signature by refinancing?
You can refinance without the spouse but you will need their consent to do so. If the spouse is on the title of the home, the answer is "no". If the spouse is on the existing mortgage the answer is "no". If the spouse is not on title you need to indicate on the loan application that you are married, and if you don't is fraud. At the time of closing she/he would have to be present. Inform you spouse of your actions.
Can a cosigner be removed from mortgage loan?
No. The loan must be paid off and you must refinance without the co-signer.
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.
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.
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
Can you sell a house without spouse consent in nc?
Yes, you can sell a house without spousal consent it their name isn't on the mortgage. If their name is on the mortgage, you will need their consent.
Can primary owner refinance a car loan without consent from co owner?
A primary owner cannot refinance a car loan without consent from the co-owner. Both parties must agree to the action.
Can you drop a spouse from a mortgage without their signature by refinancing?
You can refinance without the spouse but you will need their consent to do so. If the spouse is on the title of the home, the answer is "no". If the spouse is on the existing mortgage the answer is "no". If the spouse is not on title you need to indicate on the loan application that you are married, and if you don't is fraud. At the time of closing she/he would have to be present. Inform you spouse of your actions.
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.
When you buy a house and have a private mortgage can the seller sell the mortgage and change it?
I assume the private mortgage was granted to the seller who became the mortgagee. Yes, the mortgagee can sell her rights under the mortgage but she cannot change its terms without the written consent of the mortgagor.I assume the private mortgage was granted to the seller who became the mortgagee. Yes, the mortgagee can sell her rights under the mortgage but she cannot change its terms without the written consent of the mortgagor.I assume the private mortgage was granted to the seller who became the mortgagee. Yes, the mortgagee can sell her rights under the mortgage but she cannot change its terms without the written consent of the mortgagor.I assume the private mortgage was granted to the seller who became the mortgagee. Yes, the mortgagee can sell her rights under the mortgage but she cannot change its terms without the written consent of the mortgagor.
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?
