Quitclaim deed: You can have your ex-spouse sign a quitclaim deed, which will transfer their ownership of the property to you. Home sale: If you aren’t able to get a release of liability or qualify for a refinance without your spouse, then an easier path may be selling the home.
Can I refinance my house before the divorce is final?
Oftentimes, you can get this agreement before the divorce is final, but you’re still looking at several months before you’ll be able to refinance. Need help refinancing? Call Accunet for expert guidance on refinancing in any stage of divorce.
How can I get my husband off the mortgage without refinancing?
It may be possible to take a name off the mortgage without refinancing. Ask your lender about loan assumption and loan modification. Either strategy can be used to remove an ex’s name from the mortgage. But not all lenders allow assumption or loan modification, so you’ll have to negotiate with yours.
Do mortgage lenders check if you are married?
Lenders can’t deny you because you aren’t married. Mortgage lenders can, however, ask and verify your status. While federal law prohibits mortgage lenders from discriminating again you based on your marital status, you must disclose whether you are married and provide information about dependents and divorce.
Can surviving spouse take over mortgage?
Since the surviving spouse inherited the house from your spouse, you may be eligible to assume the mortgage under federal law. Alternatively, you may be able to refinance the mortgage. Another possible option is to take out a reverse mortgage to pay off the existing mortgage.
How do mortgage lenders verify marital status?
The Loan Officer or Underwriter team will most likely find out you are married through one of the documents you will present for your loan underwriting. It may be your paystub that will show your marital status or your tax filing that will show your marital status.
