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How can you terminate your mortgage?

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Anonymous

15y ago
Updated: 8/17/2019

Pay it off

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Wiki User

15y ago

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What ways are used to terminate a mortgage?

Paying it off.Paying it off.Paying it off.Paying it off.


Can you take your mortgage to a different mortgage company if they won't let you take your name off of the mortgage?

Yes. The mortgage would need to be paid off and refinanced in order to terminate your obligations. If a lender won't agree to a refinance that means it doesn't think the remaining mortgagor is a good risk. They don't make enough money or their credit isn't good enough.


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.


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