Expert, localized Los Angeles answers provided by Heather Roy

Ask Heather about: Mortgages, Finance, Taxes or Home Selling?
  

He's on the Loan

  My husband and I just closed on a house, we asked the lender to include me on the loan but he did not. What are the disadvantages for me?
 
  The more important question is -- are you listed as a co-owner of the property?  That might matter to you more than whether you're responsible for the loan.  If you're listed on the deed as one of the owners, that's the important thing.  Signing the mortgage just would make you liable for the debt.
    Edith
Originally published on June 6, 2009
 
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