Forgotten Your Password?

Need to Register?

Question Icon

Getting a divorce and husband wants to refinance.

I will be on the title but not on the mortgage. How is that going to affect me in the future? by airbant901 from West Covina, California. Nov 1st 2017 Reply

William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,728 contributions

More info needed, but typically, you would want to do a refinance so you can buy out your spouse, get them their equity, and remove them from ownership... If he's just refinancing to lower the payment, then you would need to agree to sign because regardless of whether or not you are on the mortgage.. you are an owner.. he cannot refinance without your permission.. Also, if you decide to buy something in the future, you will need to disclose your ownership in this property.. if there is a mortgage, then you would need to prove to your lender that you are not responsible to pay the payments (assuming you get the property vs. him). it's even possible the lender would ask for proof that someone other than you has made the last 12 payments.. This works both ways in regards to whom ever get's the home when the divorce is finalized. By the way.. Divorce buyouts is something I specialize in.. let me know if I can help. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Nov 1st 2017
Subscribe to our news feed.