Can you refinance a house without the co owner?

A deed conveys ownership. When owning a home together is no longer an option, you can remove him from your mortgage by refinancing. You do not need his consent to refinance. However, the co-owner must agree to relinquish ownership rights.

Can a partner remortgage without my consent?

If you share property ownership with someone else — spouse, business partner, relative — it’s unlikely he can take out a mortgage or a home equity loan without your consent. It’s not, however, completely impossible.

Can someone refinance my house without my permission?

A: To put it simply, there is no practical way your brother could refinance the entire property without your approval. There are documents you would have to sign and they would have to be notarized before the loan could close. Assuming that’s not the case, don’t worry about your interest in the property being harmed.

Can I refinance my house in my name only?

If you’re the sole owner of a house, you can refinance without your spouse’s signature or consent. If you own a property together and both of you want to remain as borrowers on the refinance loan, then your spouse will need to apply for and sign the refinance documents.

Can you remove someone from a deed without their knowledge?

Technically, no. Unless there is an existing mortgage in place, it is possible to remove a name from a title deed yourself without the help of a solicitor.

Can you refinance a mortgage without the other person?

A mortgage loan is a contract, and a co-borrower can only get removed from the loan if it is paid off in full or with the lender’s permission. If that’s the case, you can either get the bank to refinance in your sole name or else refinance at another lender and pay off the original loan.

Can my ex husband refinance the house without me?

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. In other words, the mortgage lender can still come after your spouse for repayment unless and until you refinance in your own name alone.

How do you take over someone’s mortgage?

You can legally take over a mortgage by assuming the original loan, provided you meet the bank’s requirements. An “assumable” loan is secured by a mortgage that contains no “due on sale” provision. Ask to see the seller’s mortgage documents to determine if it is assumable. Most conventional loans are not assumable.

Can you refinance a home in someone else name?

If a loan is assumable that means you can transfer the mortgage to anyone else. In the process of transferring ownership, change of names on a loan only affects the loan. You may still require changing who owns the property by transferring title or taking any other steps needed in your situation.

Can mortgage be transferred to another person?

In most circumstances, a mortgage can’t be transferred from one borrower to another. That’s because most lenders and loan types don’t allow another borrower to take over payment of an existing mortgage.

Can I refinance my mortgage without my spouse?

It’s common for married couples to own property together and for the mortgage loan to be in both names. However, you might be in a situation where you want to refinance a mortgage independent of your spouse.

Does my spouse have to sign the documents when refinancing?

Likewise, debts acquired by one spouse are the responsibility of both spouses. If you want to refinance a loan on a property, your spouse will be required to sign the documents. However, if you hold the title as a sole owner, your spouse won’t have to sign.

Can you refinance a house with a lien on it?

Until you pay that debt, your title won’t be considered clear, which means you can’t refinance or sell your property. There are two types of liens: Involuntary liens can happen without notice depending on the situation. Most commonly, a creditor will place a lien against your property after it sues you and wins the case.

Can you refinance a community property mortgage by yourself?

However, if you are both borrowers on the existing mortgage, you can refinance by yourself if your application is approved. There are nine community property states — Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin.