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Yes, if your credit rating has improved enough to get a loan approval on your own.
Yes, if your credit rating has improved enough to get a loan approval on your own.
Yes, if your credit rating has improved enough to get a loan approval on your own.
Yes, if your credit rating has improved enough to get a loan approval on your own.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoYes, if your credit rating has improved enough to get a loan approval on your own.
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Is it normal to refinance to remove a co signer?
Yes. Generally, that is the only way to remove a co-signer from the obligations under the mortgage.Yes. Generally, that is the only way to remove a co-signer from the obligations under the mortgage.Yes. Generally, that is the only way to remove a co-signer from the obligations under the mortgage.Yes. Generally, that is the only way to remove a co-signer from the obligations under the mortgage.
Can you refinance using a co-signer?
Yes you can, but the co-signer must qualify for the loan.
Can you refinance and remove the co-signer?
Yes, you can refinance --but the question will then be, can you afford the mortgage payments by yourself. If you can, try and work out the best deal, rate wise and closing costs wise, so that you don't have to dip into your pocket too much to refinance this loan. Also, you should wait atleast a year before refinancing if you needed a co-signer/co-borrower if the 1st place.
Can a cosigner be removed from mortgage loan?
No. The loan must be paid off and you must refinance without the co-signer.
How do you get co borrower off your home loan?
You will have to refinance the debt with your creditor, and qualify for the debt on your own merit. The co-signer will have to file a Quit Claim Deed.
Is it normal to refinance to remove a co signer?
Yes. Generally, that is the only way to remove a co-signer from the obligations under the mortgage.Yes. Generally, that is the only way to remove a co-signer from the obligations under the mortgage.Yes. Generally, that is the only way to remove a co-signer from the obligations under the mortgage.Yes. Generally, that is the only way to remove a co-signer from the obligations under the mortgage.
Can you refinance using a co-signer?
Yes you can, but the co-signer must qualify for the loan.
How do you get a co signer off your loan if you have bad credit?
The options are limited. You must pay it off or refinance. You would have to get the bank to agree to a refinance with only you as the signer, if you qualify. Banks rarely remove a co-signer from obligations under a mortgage.
What if that person refuse to refinance the car in there name so the other person can get off the loan?
The co-signer cannot force the primary borrower to refinance. They must wait it out until the loan is paid.The co-signer cannot force the primary borrower to refinance. They must wait it out until the loan is paid.The co-signer cannot force the primary borrower to refinance. They must wait it out until the loan is paid.The co-signer cannot force the primary borrower to refinance. They must wait it out until the loan is paid.
Can you refinance and remove the co-signer?
Yes, you can refinance --but the question will then be, can you afford the mortgage payments by yourself. If you can, try and work out the best deal, rate wise and closing costs wise, so that you don't have to dip into your pocket too much to refinance this loan. Also, you should wait atleast a year before refinancing if you needed a co-signer/co-borrower if the 1st place.
Can a co-signer make a primary signer refinance?
No. A co-signer has no such authority over the primary borrower. The co-signer is on the hook until the loan is paid off.No. A co-signer has no such authority over the primary borrower. The co-signer is on the hook until the loan is paid off.No. A co-signer has no such authority over the primary borrower. The co-signer is on the hook until the loan is paid off.No. A co-signer has no such authority over the primary borrower. The co-signer is on the hook until the loan is paid off.
Can a co-signer be removed from a personal loan?
Only if the primary borrower is willing and able to refinance.
Can a person remove their name as a cosigner for a vehicle?
No, the primary borrower would need to refinance the vehicle in their name only or with a different co-signer. Person's who agree to being a co-signer usually do so with good intentions of helping out family members or friends. Unfortunately it often turns out badly with the co-signer getting "stuck" with the debt and problems with their personal credit.
If you are a first time car buyer and recently purchased a new car with a co-signer about seven months ago how long does it take to remove the co-signer from title?
In most states in order to remove a co-signer from the paperwork you will have to refinance the car in only your name. The co-signer is also known as a guaranteer of the loan, if you don't pay they are required to; so as long as you have a co-signer they will be on the paperwork. If you are not a member of a credit union I would look at getting a membership at one. They are usually not-for-profit (unlike banks) and will usually offer better rates and usually have slightly lower restrictions on credit worthiness for loans.
If the lender doesn't want the car how would the co-signer take over payments?
The co-signer would make the payments as usual and at the end of the financing, the owner would sign the title over to the co-signer. That is probably not good because the owner would still be financially responsible for the vehicle. The co-signer should refinance it in their name.
Can a cosigner be removed from mortgage loan?
No. The loan must be paid off and you must refinance without the co-signer.
Can you remove a co-signer without the co-signer's knowledge?
A cosigner can only be removed from a loan through refinancing of the original agreement.
