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Depends who's name is on the mortgage. If both names are on, then you would need both spouse's to take out a home equity line of credit.
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∙ 13y ago
Joanne Phillips
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If a home is purchased during a marriage without knowledge to spouse when divorced is the spouse entitled to the home or equity if sold after a divorce?
If you can prove it, you're homefree.
Does a spouse have the right to money received from a home equity loan if the loan is in the other spouses name but the deed is in both their names?
Yes they do
Can you get a home equity loan without having a home?
No.
Can you get a home equity loan without documenting your income?
No. Even though a home equity loan is backed by the value of one's principal residence, the individual's income must be substantial enough (after other payments) to cover the principal and interest payments associated with the home equity loan. If income cannot/will not be documented, no lender will approve a home equity loan.
Are you entitled to part of your and your spouse house if it belongs to spouses parents?
No. You will have no legal right to assets in someones name other than yours and your spouse's. Special circumstances may apply and may vary state to state. You and your spouse have been purchasing the home together from the parents) In this case you should be eligible to split equity in home.
Can you get a home equity loan without your spouses signature?
yes you can
In Texas can a spouse whose name is on the deed and mortgage sell their house without the other spouse consent?
If both names are on the deed, then both signatures are required. If the spouse has signed a quit claim deed to the home, then the other does not need consent.
Can you get a home equity loan after you are divorced but still on the mortgage?
If you and your former spouse still own the property you can get an equity loan if both parties consent and both sign the note and mortgage.If you and your former spouse still own the property you can get an equity loan if both parties consent and both sign the note and mortgage.If you and your former spouse still own the property you can get an equity loan if both parties consent and both sign the note and mortgage.If you and your former spouse still own the property you can get an equity loan if both parties consent and both sign the note and mortgage.
What are the benefits of equity home loan refinancing vs other options?
Home equity loans are generally more favorable in the face of interest rates and terms. Home equity loans are also generally cheaper compared to other options.
If a spouse dies in Texas and has no will what happens to the house when there is a surviving spouse and kids involved?
Texas is a community property state, therefore home ownership will automatically revert to the surviving spouse, and will not be included in probate procedures. Of course all the terms of a mortgage and/or home equity agreement will need to be adhered to, to prevent foreclosure or other legal difficulties. How very sad. Dying without a will is very common, both Abraham Lincoln and Howard Hughes died without making a will. check out this website which has a lot of very useful information, and the law you are looking for. http://www.professorbeyer.com/Articles/Intestacy_Texas_Basics.htm
What rights spouse have after death of the other spouse if the home was purchase before marriage by one spouse?
Depends on the will
What are the benefits of Home Equity?
Home equity is the value of a homeowner's property minus all the money they owe on that property (as mortgage or liens). The benefit of home equity is that a person can borrow against the equity in their home at better interest rates and with better tax advantages then other types of loans.
