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Ex On the Loan |
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How do I remove an ex-husband's name from my mortgage without re-financing? |
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Your mortgage lender may agree to relieve your ex of any responsibility for the loan, if you can prove (cancelled checks?) that you've carried the payments on your own, perhaps for 12 month past. Or they may not agree.
It poses no threat to you if he remains liable on your mortgage, you know. It poses no threat to you if he remains liable on your mortgage, you know. Are you doing this as a favor to him? Taking his name off would help him. His credit rating would no longer be vulnerable if you had trouble making payments. The loan would no longer show up on his credit record as his personal debt.
But if you are required to relieve him of liability in your divorce agreement, and your lender doesn't allow it, then consider -- mortgage rates are so low these days that it may well be worth the cost and trouble of refinancing anyhow. |
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Edith
Originally published on January 13, 2009 |
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