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It’s possible to get somebody’s name off of a mortgage, but the process is typically challenging. That’s true for primary borrowers as well as co-signers who helped a borrower get approved. Until officially change the mortgage (or pay it off entirely), everybody is responsible for the loan, and that debt can reduce their ability to get other loans.
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A 1982 federal law helps you get your name off a home loan after divorce without having to refinance or sell the house. The process, called loan assumption, is cheaper and may also be quicker than.
He will not remove my name from the mortgage he says that he cannot afford to refinance. I am dead in the water financial aid because I cannot get a house loan a car loan or anything else because he will not remove my name from the mortgage is there any way that I can do this without him.
Just because you get married doesn’t mean that you have to add your spouse to your loan or even to your deed. If something happens to you and he inherits the home, thanks to the garn-st. germaine depository institutions act, the lender will have to let him take over the mortgage and its payments, so he won’t lose the house.
My primary goal is to remove my name from the mortgage.. You say you are not married. You could, at least in theory, apply for an order for the sale of the property. You might be able to agree with your partner to sell voluntarily.. Removing name from a joint mortgage 8 Years ago: LMM
Therefore, the best advice for all unmarried couples buying a home together is. is taking a larger financial stake in the property payments or down. if I buy the house, its in my name and I put down the full down-payment (BC.