· Seems like a good position to be in, certainly compelling reason to refinance if you can pay off high-APR debt, get a new roof, and get a lower monthly payment. Only technical downside is if you lengthen your mortgage term and keep paying mortgage into retirement.
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In a divorce can I take my wife off my mortgage with out. – No you can not just take your wife off of the mortgage without refinancing. If she is on the mortgage loan, then the only way to get her off is to refinance. If she is not on the mortgage loan then you simply need to quit claim her off of the deed to the home, which can be done without refinancing.
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To get a co-signer off a mortgage, you must qualify for a loan on your own. Tip To remove a spouse from a mortgage loan, you must refinance the property yourself.
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refinancing spouse mortgage – Buildearth – – No you can not just take your wife off of the mortgage without refinancing. If she is on the mortgage loan, then the only way to get her off is to refinance. If she is not on the mortgage loan then you simply need to quit claim her off of the deed to the home, which can be done without refinancing.
To get the money, you refinance into a $250,000 loan in your name only, and cash out $50,000 to pay your spouse. Use Bankrate’s mortgage calculator to see what your new monthly mortgage payments.
When you have a joint mortgage on a home with equity, the spouse who keeps the house also. A 1982 federal law helps you get your name off a home loan after divorce without having to refinance or.
How do I remove spouse from loan without refi or assumption? – a refinance is the best option in situations like this. but refinance is not possible in your situation because of the reasons you have already mentioned. thus, it is difficult to remove your ex-spouse’s name from the loan. the only other way is a novation agreement. nevertheless, not many lenders would want to take a co-borrower off the loan.
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