Want Out

arafel34 · #1 Oct 27, 2007, 10:47 AM

How do you get out of a mortgage?

katieperez · Oct 27, 2007, 11:01 AM

Sell the house.

ebaines · Oct 29, 2007, 07:24 AM

You need to pay off the original mortage. Ways to do that include:
1. Sell the house and use the proceeds to pay off the loan.
2. Refinance without your name on the new loan - for example, if you are currently a co-signer on a mortgage with someone else, have that person refinance without you as a co-signer.
3. If you have the assets - simply pay the loan off out of your pocket.



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