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Remove Co-Signer

I purchased my house over a year ago now. I had to get a co-signer (my aunt) at the time due to my DTI. i have paid off a couple large accounts and want to know how to remove my aunt from the loan? by nwiger112 from Bluffton, South Carolina. Jan 16th 2019 Reply


Michele Bledsoe (MicheleBledsoe)
#108 ranked lender in Georgia - 17 contributions

If you are able to get the mortgage in your own name now, now is a GREAT TIME to refinance...rates are still low! You will need to refinance and have your Aunt sign off the deed at the time of the refinance. I am happy to help you and give you a quote for your refinance. 678-321-6881. www.michelebledsoe.com.Or if you have other questions, please feel free to call me!

Jan 16th 2019
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Bob Schildt (coastalmortgagegroup.com)
#68 ranked lender in South Carolina - 2 contributions

Sounds like that you should be able to refinance. Call me at 843-839-4085 or send me a text at 843-685-1685. Rates are going down.....Bob

Jan 16th 2019
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Gregory Schoonover (greg@ascendhomeloans.com)
#89 ranked lender in South Carolina - 1 contribution

Hello, We are a local mortgage broker here in Charleston. You should be eligible for a refinance which would close out the original loan made to both of you, and create a new loan in just your name. This entire process can be handled electronically, our typical loan today is entirely paperless. Please call, text or email to begin the process. Greg@ascendhomeloans.com or 843-708-3776 Talk with you soon!

Jan 16th 2019
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,654 contributions

Contact a local lender and apply with them.. You will need to meet all eligibility requirements, but it might not make sense to refinance.. There are fee's associated with refinancing and its possible the rates might be higher.. If it's not necessary to refinance, you might consider just leaving the loan where it sits.. You can always remove your Aunt from the loan so long as you remain.. this give you 100% ownership... The down side is that if your Aunt decides in the future to buy something.. she might have a problem with her DTI if the loan is till open and active.. 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 WilliamAcres.com NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893

Jan 18th 2019
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Phil Dumouchel (PhilDu)
#1 ranked lender in South Carolina - 2,240 contributions

Normally the only way is to refinance the home, sometimes that is easier if the existing mortgage is assumable (like a FHA loan)

Jan 28th 2019
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