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What type of letter should be sent to a mortgage company when your partner agrees on you coming off the mortgage?

First you need to understand that a mortgage company will not normally let one party to a joint mortgage contract off the mortgage. You and your partner can not agree to change the mortgage between you, your contract is with the Mortgage company, NOT YOUR PARTNER.It is not in the Mortgage companies interest to allow a change to an existing mortgage as you are BOTH liable for the payments - if one of you stops paying they will go after the other for all the money.To get out of the situation you have to repay all the money you borrowed and get a new mortgage in just one of your names. This usually means one or other partner has to buy the other out.


How do you take a partner's name off the mortgage?

You can't take someone's name off the mortgage. The mortgage belongs to the bank and both of you signed a contractual obligation. The mortgage must be paid off and refinanced in one name and the partner must convey their interest to the co-owner. Then the property and mortgage will be in one name.


Can you get your bankrupt ex partner taken off your joint mortgage?

You would need to refinance your mortgage loan to remove the ex.


How can we effectively split the mortgage with our partner?

To effectively split the mortgage with your partner, you can consider dividing the monthly payments based on each person's income or financial contribution. You can also create a joint bank account specifically for the mortgage payments, and set up automatic transfers from each person's individual account. It's important to communicate openly with your partner about financial responsibilities and come to a mutual agreement on how to split the mortgage fairly.


Can ex partner change locks if both on mortgage?

You can't be denied access.

Related Questions

If you are moving into your partner's house how do you put your name on the mortgage?

Unless your partner adds your name to the title and then refinances, there is no way for you to get on the mortgage.


Can I count my partner's income only not her score towards getting a mortgage my score is 817 hers is only 560?

yes you can. it is highly easily done.


You on the deed but not the mortgage. When partner dies what happens You are on joint tenancy with him on the deed?

You own the land subject to the mortgage.


What type of letter should be sent to a mortgage company when your partner agrees on you coming off the mortgage?

First you need to understand that a mortgage company will not normally let one party to a joint mortgage contract off the mortgage. You and your partner can not agree to change the mortgage between you, your contract is with the Mortgage company, NOT YOUR PARTNER.It is not in the Mortgage companies interest to allow a change to an existing mortgage as you are BOTH liable for the payments - if one of you stops paying they will go after the other for all the money.To get out of the situation you have to repay all the money you borrowed and get a new mortgage in just one of your names. This usually means one or other partner has to buy the other out.


How do you take a partner's name off the mortgage?

You can't take someone's name off the mortgage. The mortgage belongs to the bank and both of you signed a contractual obligation. The mortgage must be paid off and refinanced in one name and the partner must convey their interest to the co-owner. Then the property and mortgage will be in one name.


Can you get your bankrupt ex partner taken off your joint mortgage?

You would need to refinance your mortgage loan to remove the ex.


How can we effectively split the mortgage with our partner?

To effectively split the mortgage with your partner, you can consider dividing the monthly payments based on each person's income or financial contribution. You can also create a joint bank account specifically for the mortgage payments, and set up automatic transfers from each person's individual account. It's important to communicate openly with your partner about financial responsibilities and come to a mutual agreement on how to split the mortgage fairly.


Can ex partner change locks if both on mortgage?

You can't be denied access.


What type of deed do you need if your partner is not on the mortgage but you want her to have interest in the property?

joint survivership


Can you go to court and force your ex-partner to take name off mortgage?

First, your ex-partner cannot take your name off the mortgage. The bank owns the mortgage. To get you off the mortgage obligation- it must be paid off and refinanced in the ex-partners name alone. To prevail in a lawsuit you would need to provide compelling evidence that would satisfy a judge that your ex-partner should be ordered to refinance the property in her/his own name. In return, you must convey your interest in the property to your ex.You should consult with an attorney who specializes in family law and real estate law who could review all the details of the situation and explain your options under the laws in your state. Perhaps he/she could negotiate a resolution for you since a lawsuit can be costly.First, your ex-partner cannot take your name off the mortgage. The bank owns the mortgage. To get you off the mortgage obligation- it must be paid off and refinanced in the ex-partners name alone. To prevail in a lawsuit you would need to provide compelling evidence that would satisfy a judge that your ex-partner should be ordered to refinance the property in her/his own name. In return, you must convey your interest in the property to your ex.You should consult with an attorney who specializes in family law and real estate law who could review all the details of the situation and explain your options under the laws in your state. Perhaps he/she could negotiate a resolution for you since a lawsuit can be costly.First, your ex-partner cannot take your name off the mortgage. The bank owns the mortgage. To get you off the mortgage obligation- it must be paid off and refinanced in the ex-partners name alone. To prevail in a lawsuit you would need to provide compelling evidence that would satisfy a judge that your ex-partner should be ordered to refinance the property in her/his own name. In return, you must convey your interest in the property to your ex.You should consult with an attorney who specializes in family law and real estate law who could review all the details of the situation and explain your options under the laws in your state. Perhaps he/she could negotiate a resolution for you since a lawsuit can be costly.First, your ex-partner cannot take your name off the mortgage. The bank owns the mortgage. To get you off the mortgage obligation- it must be paid off and refinanced in the ex-partners name alone. To prevail in a lawsuit you would need to provide compelling evidence that would satisfy a judge that your ex-partner should be ordered to refinance the property in her/his own name. In return, you must convey your interest in the property to your ex.You should consult with an attorney who specializes in family law and real estate law who could review all the details of the situation and explain your options under the laws in your state. Perhaps he/she could negotiate a resolution for you since a lawsuit can be costly.


How adaptive are you to having a partner from a different culture to your own?

I am not very particular about having a partner from different culture to my own , because if you really love somebody there is no question at all about your culture and so as your partner's culture. [ The word is adjustments on both parties and understanding the culture of both parties. ]


Does your partner have any claim to your home after living with you for 3 years the mortgage is in your name to which you pay in full?

No.