Best Answer

As soon as you are able to refinance the mortgage in your own name.

Some lenders (and I mean very few) will be able to remove a co-borrower by having you fill out a piece of paper (I forgot what it is called). So ask your current lender first. Keep in mind this will not remove them from Title...that can be done with a Quit Claim Deed at a Title Company.

User Avatar

Wiki User

โˆ™ 2015-07-15 19:12:26
This answer is:
User Avatar
Study guides


20 cards

When buying a house can you get a larger house loan so you can pay off some of your credit cards and car

How long do you have to wait in Canada before purchasing a house after bankruptcy

What is a mortgage lien

Is home owners insurance required

See all cards
4 Reviews

Add your answer:

Earn +20 pts
Q: How soon can you have the cosigner removed from a mortgage?
Write your answer...
Still have questions?
magnify glass
Related questions

What are the legal rights of a cosigner on a mortgage?

legal rights of cosigner on mortgage

Can a cosigner be removed from mortgage loan?

No. The loan must be paid off and you must refinance without the co-signer.

If we have bad credit will a cosigner help us get a mortgage?

Yes, a person with bad credit can get a cosigner for a mortgage. The cosigner will have to have excellent credit and must go into the office to sign papers to become a cosigner.

How can someone be released from cosigning a mortgage loan without ruining their credit?

The only way to be removed from the obligation of cosigner is for the loan to be refinanced.

What is the procedure to sue to be released from a mortgage as a cosigner?

There is no procedure for this. The mortgage must be refinanced.

Does the cosigner on a mortgage need to be on the purchase and sale so the seller is aware of a cosigner?

That is an issue between the mortgage company, the buyer and the cosigner. The seller's only worry is selling the property and getting paid.

How do you sell a house when the cosigner of the original mortgage is not available to sign off?

Hire a Real Estate attorney and have a court order. A commissioner will be appointed to have the other party removed.

How soon can you have a person removed from the deed to your home?

If the person holds a mortgage or note you are paying on you can have him removed as soon as he or she is paid off. If it is just another person who is on title, never without a court order.

How can a cosigner be removed from the loan?

The only option is for the loan to be refinanced without the particpation of the present cosigner.

How can one remove a cosigner from an equity loan if the cosigner is not on the first mortgage title?

The title has nothing to do with the loan. The loan will need to be refinanced using a different cosigner or only the primary borrowers.

What are your rights as a mortgage cosigner?

If you are not an owner of the property, as a co-signer you are fully responsible for paying the mortgage. You have no other rights in the property.

If you refinance the house after a year can you take the cosigner off the mortgage loan?


People also asked