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What if my husband does with joint homeownership but only his name is on mortgage.

by glmanriquez319 from Costa Mesa, California. Dec 11th 2015 Reply


What if my husband does is the question. Will I be able to assume mortgage?

Dec 11th 2015
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Dies, not does. My spell check is running amok.

Dec 11th 2015
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Dan Paladin (dpaladin)
#2 ranked lender in California - 417 contributions

As far as title goes you should be fine. As for the mortgage the lender could call the loan due on the passing of your husband. Best to consult with a real estate attorney.

Dec 11th 2015
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,224 contributions

Typically as long as you keep paying the mortgage nothing would happen, even if he is deceased. Very few mortgages are truly assumable and you would have to qualify. Easiest is to just keep paying it monthly, UNLESS the lender raises an issue. Best wishes...

Dec 11th 2015
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 7,802 contributions

You will be fine.. If he were to die, then the mortgage would go to you without any qualifying.. that's a federal law.. the lender cannot call the note due because an heir inherits the home.. the lender must accept them and allow them to continue to make payments if they wish.. 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 NMLS# 226347

Dec 11th 2015
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