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When a spouse is borrowing money and the wife must sign the mortgage does her name have to be on the warranty deed?
Wiki User
∙ 12y ago
Of course. She should be fully informed of the consequences of signing the mortgage and not being on the deed. If the wife signs the purchase money mortgage then her name should also be on the deed. She should not sign to be responsible for a debt for property she doesn't own.
Of course. She should be fully informed of the consequences of signing the mortgage and not being on the deed. If the wife signs the purchase money mortgage then her name should also be on the deed. She should not sign to be responsible for a debt for property she doesn't own.
Of course. She should be fully informed of the consequences of signing the mortgage and not being on the deed. If the wife signs the purchase money mortgage then her name should also be on the deed. She should not sign to be responsible for a debt for property she doesn't own.
Of course. She should be fully informed of the consequences of signing the mortgage and not being on the deed. If the wife signs the purchase money mortgage then her name should also be on the deed. She should not sign to be responsible for a debt for property she doesn't own.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoOf course. She should be fully informed of the consequences of signing the mortgage and not being on the deed. If the wife signs the purchase money mortgage then her name should also be on the deed. She should not sign to be responsible for a debt for property she doesn't own.
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How do you get your ex-spouse off the mortgage agreement without spending a lot of money?
You will have to refinance your loan in order to get his name off. The loan now has both of your names on it because you both appied at the same time. This mortgage has to be paid off in order to remove the ex-spouse. That means you will have to apply for a new mortgage in your name only.
What the advantages about borrowing money?
you get money
Where can you find out about borrowing money?
There are multiple places one can find out about borrowing money. It depends if one is attempting to research borrowing money from a bank, a money lender, or another source. If borrowing from a bank, then it makes sense to go straight to the bank for the information. The same goes for a money lender.
Where can one find an explanation of what a reverse mortgage is?
A reverse mortgage is a mortgage where one can borrow more money, using the equity in one's home as a security for borrowing. Generally, one is allowed to choose when and how much to pay back; however, interest rates tend to be higher than that for standard mortgages.
What is the meaning of 'borrowing from banks?
Borrowing from banks refers to the operation when an individual borrows money or takes a loan from a bank. The bank lends the individual money and this person will repay the loan to the bank. For ex: If I wanna buy a home, I will take a home loan from a bank and buy the house. Then I will pay my mortgage every month for the next few years and repay the money I borrowed from them.
What is the difference between a construction mortgage loan and a normal mortgage loan?
A normal mortgage is borrowing money to buy a house. A construction mortgage is when you own a house and borrow money against the house for repairs or renovations.
If both your husband and you are on the grant deed and he refinances to pay off the loan with the loan only in his name will the wife still be on the Grant Deed?
Normally a lender will require the spouse who is not borrowing the money to execute a deed transferring the property to the spouse who is borrowing the money. This would normally be accomplished during the escrow process. After the loan process is completed the borrower spouse can execute a new deed to add the other spouse back on. The spouse who is being asked to sign off the deed should beware, understanding that once they sign off he or she no longer owns the property. You want to make sure that you get added back on but the property is subject to the mortgage.
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.
What are the advantages of borrowing money?
what are the advantages of borrowing money
What are the services offered by the Cooperative Bank in the UK?
The Cooperative Bank in the UK offers money advice service to help you when budgeting, borrowing money, taking out a mortgage or opening a saving account.
The cost of borrowing money is called the?
The cost of borrowing money is called interest.
How do you get your ex-spouse off the mortgage agreement without spending a lot of money?
You will have to refinance your loan in order to get his name off. The loan now has both of your names on it because you both appied at the same time. This mortgage has to be paid off in order to remove the ex-spouse. That means you will have to apply for a new mortgage in your name only.
Why is the united states borrowing money from the nation for wars?
If you mean "why is the U.S. borrowing money from the U.N.", the answer is because the U.S. doesn't have enough of its own. If you mean "why is the U.S. borrowing money from the country" then the answer would be that the U.S. is not borrowing its own money, its just using it.
What the advantages about borrowing money?
you get money
What do you call a charge for borrowing money?
a debtor with a dick
Where can you find out about borrowing money?
There are multiple places one can find out about borrowing money. It depends if one is attempting to research borrowing money from a bank, a money lender, or another source. If borrowing from a bank, then it makes sense to go straight to the bank for the information. The same goes for a money lender.
Where can one find an explanation of what a reverse mortgage is?
A reverse mortgage is a mortgage where one can borrow more money, using the equity in one's home as a security for borrowing. Generally, one is allowed to choose when and how much to pay back; however, interest rates tend to be higher than that for standard mortgages.
