Jintechnologies News Refinance News Just Approved: Divorcee refinances, removes ex from mortgage and lowers her monthly bills

Just Approved: Divorcee refinances, removes ex from mortgage and lowers her monthly bills

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When removing a borrower from the loan, you will also want to remove the name from the car title or deed. Although you don’t need the co-signer to refinance, you will need his cooperation to sign over rights on the title or deed. If you don’t remove the name, he could end up owning half the home or vehicle you paid for on your own.

Debt is rising more quickly in the United States than most people would prefer. This is happening in part because the U.S. current account deficit and the country’s high level of income inequality.

Sound Off: What are affordable ways to get your home to trend?. Just Approved: Divorcee refinances, removes ex from mortgage and lowers her monthly bills.

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If you want to buy a new home, having this mortgage in your name will increase your debt-to-income ratio, reducing your chances of being approved and/or increasing your interest rate. Remember, taking your name off the deed doesn’t remove your liability for the mortgage. 2. At what stage of divorce should we start the refinance application process?

How to Get a Mortgage After a Divorce. You may want to get your name or your ex’s name off the mortgage. But perhaps not; it depends. If you are planning to buy a house, and your ex is living in the home you co-own, then ideally, your ex needs to refinance in his or her name.. then ideally.

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When you signed the quitclaim deed you should have required that the ex-spouse refinance the mortgage in order to take your name off as co-mortgagor.. to lower their monthly payment and to.

Just Approved: Divorcee refinances, removes ex from mortgage and lowers her monthly bills. Share. Tweet. Share. Most Popular. 1.7K. Online Credit Biz2Credit’s Latest Small Business Lending Index Confirms: Loan Approvals at Big Banks Continue to Climb.

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