how to get spouse off mortgage without refinancing

To keep your house after a divorce and take your spouse's name off the mortgage loan, you'll need to refinance the mortgage loan in your.

Another way to get yourself out of a mortgage after a divorce is to let your ex-spouse refinance the home loan in his or her own name. Your ex-spouse buys out your equity share and you relinquish your share in the property.

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How do I remove my spouse from my mortgage without refinancing? Bill, I recently got out of a relationship and my ex’s name is on my mortgage. I have lived in the home now for 7 months paying the mortgage fully by myself. She wants her name off the loan (as do I), and I was told refinancing is the.

In this case, you can refinance for more than $200,000. In fact, you can borrow up to $240,000 without. off a portion of the outstanding loan balance and the remaining spouse refinances the loan in.

Taking Your Spouse Off Your Mortgage. There is only one way to have your spouse’s name removed from the mortgage: You will have to apply for a loan to refinance the mortgage, in your name only. After all, the original mortgage was approved in both of your names, giving the lender two sources of repayment.

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Removing a Deceased Spouse from a Mortgage If a spouse dies and the mortgage is in their name, wow can you get the lender to change the name to the surviving spouse without refinancing the whole.

If you’re going through a divorce and want to keep the family home, you will likely have to buy-out your spouse by paying an amount equal to his or her interest in the home. For example, let’s say that you (Sally) and your spouse (Tom) own a house valued at $300,000, subject to a mortgage with an outstanding balance of $200,000.

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If a divorce occurs or a cosigner has to be a part of the loan to get it approved, there. willing to look at the situation and remove one spouse's name from the loan. The refinance may require a larger down payment since it will remove liability.