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Can I add someone to my mortgage loan?

I recently married and would like to add my wife to my mortgage loan. Her credit score is lower than mine (620) but her income is higher ($65,000). by finn_0123 from Fort Worth, Texas. Jul 3rd 2013 Reply


Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#77 ranked lender in Florida - 2,240 contributions

If your asking if you can just add her to an existing loan, the answer would be no, without refinancing you wouldn't be able to do that. If you want you can add her to title usually but you'll have to check state law regarding this.Call us or email us at 201-962-3555 or Team@BestMortgageOption.com for ano cost no obligation analysis of your situation ask for Michelle or Benny. We will find the Best Mortgage Option to suit your needs! Check us out at www.BestMortgageOption.comAsk us about the awesome discounts we offer heroes as a Homes for Heroes affiliate!

Jul 3rd 2013
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Peter Botros (PeterBotros)
#70 ranked lender in New York - 895 contributions

without refinancing, you could not add her to the loan, however, you can add her to the deed.

Jul 3rd 2013
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Raymond Denton (Raymond)
#10 ranked lender in Ohio - 224 contributions

No. But you can refinance your mortgage into a new one, and include your wife.

Jul 3rd 2013
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Dave Metsker (DaveMetsker)
#37 ranked lender in Oregon - 2,317 contributions

You can add her to the title, but not to the existing mortgage.

Jul 3rd 2013
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James Mazzola (Mazzola)
#110 ranked lender in New Jersey - 313 contributions

You can add her to the title

Jul 4th 2013
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Andrew Alfonso (CashCow)
#44 ranked lender in Florida - 271 contributions

No - not to the loan. Not to the credit reporting piece of the process. However you can add them to title. Make sense?

Jul 4th 2013
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,895 contributions

The ONLY way to add her to the loan is by refinancing. You can add her to ownership (title) with a simple quit claim deed.

Jul 5th 2013
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Jason Vondrak (jvondrak)
#219 ranked lender in California - 1,741 contributions

Refinancing your mortgage will allow you to add her to it. By refinancing you will take a out a new mortgage with both of your names on it and pay off you current mortgage that is just under your name.

Jul 5th 2013
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Steven Cook (stcookmortgage@gmail.com)
#38 ranked lender in Washington - 256 contributions

You don't explain why you want to add her to the loan. As mentioned before you can add her to title, most likely through a quit claim deed.You can also name her as heir to the property in your will -- which you two should get made up sooner rather than later. Then, with the extra income, I would suggest you just pay down your loans more rapidly than scheduled. Unless your current rate is at 7% or above, it mightnot make a lot of sense to do a refi just to get her name on the docs. To find out more, you should talk to a local, licensed mortgage loanofficer who can give your a better answer for your particular situation.

Jul 5th 2013
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Ali Ahmari (JumboBanker)
#908 ranked lender in California - 1 contribution

You can not add her to your existing loan. You can add her to the title. I would consider working on the credit score first prior to refinancing your existing.

Jul 5th 2013
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Raymond Denton (Raymond)
#10 ranked lender in Ohio - 224 contributions

No. You'll need to refinance to add her.

Jul 13th 2013
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