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can i refinance to remove myself from the mortgage?

splitting with my wife and she is going to take over the mortgage in entirety. we are trying to do this without lawyers so is a refinance the best way to dot his? we have freddie backed mortgage ~75 ltv by alanwright784623115 from Madison, West Virginia. Jan 6th 2015 Reply


Derick Condron (rightstartoregon)
#32 ranked lender in Oregon - 597 contributions

Yes as long as your wife can qualify for the mortgage on her own and you have the equity to do so you can refinance yourself off the loan. In some cases if she can not qualify on her own, if you have proof of payment for 12 months by her along with the divorce decree you would no longer have to count the debt against you in qualifying for a new mortgage.

Jan 6th 2015
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,924 contributions

Your wife can refinance into her own name so long as she has enough income and meets all eligibility requirements, she can remove you from the loan. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Jan 6th 2015
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Jason Vondrak (jvondrak)
#1 ranked lender in California - 1,714 contributions

Yes, as long as your wife is able to qualify for the mortgage payment based on her own income and credit score refinancing will enable you to remove yourself from the mortgage.

Jan 6th 2015
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Dave Metsker (DaveMetsker)
#37 ranked lender in Oregon - 2,317 contributions

She will need to qualify on her income and credit. At 75 LTV, there will be little cash available for you, so plan accordingly.

Jan 6th 2015
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Nicholas Capretta (ncapretta@usavingsbank.com)
#91 ranked lender in Ohio - 8 contributions

Yes, its simple if your spouse would qualify for the mortgage on her own, then you can be removed from both mortgage and title if you would like. Its all up to if she can qualify.

Jan 9th 2015
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