Question: Question about my home mortgage, please help!?

(Posted by: ♥ ☼ ♥ ☼ LOVE MY LABS!! on 2009-12-23 13:25:07)

I got divorced a couple years ago and need to get my ex husbands name off the current home loan. Is the only way I can achieve this is by refinancing my house? I want to avoid having to pay the closing costs. I would think there would be an easier way to get his name off the loan other than refinancing the loan. Is there?

Posted by: Miss Ell on 2009-12-23, 16:23:09

Refinance or sell it seems to be your options. Do this sooner rather than later, if your husband had problems with money and creditors needed to reconcile they will go after half of your house because his name is on the deed. He may be really good with money, but if his new partner is not, and it goes pear shaped the flow on lead to you. The risk is far too great mate

Posted by: Ryan M on 2009-12-23, 13:36:49

The ONLY way to get him off the loan is to refinance. Your current mortgage was ONLY given to you based on BOTH of your income and credit scores. If you take him off the loan, the bank MUST make sure that you can afford the mortgage on your own.

Posted by: wizjp on 2009-12-23, 13:42:14

You can ask the lender to release him individually. It almost never happens. They can't make any money that way.

Posted by: mynewkeys.com home loans by Cal on 2009-12-23, 14:34:40

Nope, you either have to pay off the loan or refi