Ask Experts Questions for FREE Help !
Ask
    notharringD's Avatar
    notharringD Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jul 7, 2008, 12:37 PM
    Can I take over a joint mortgage inmy name
    I have been in a joint mortgage with a friend for 20mths, he is getting married and moving away and I would like to take the mortgage over in just my name. Can I do this and how? Do I need to re-mortage?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Jul 7, 2008, 12:44 PM
    You need to refinance in your own name. No lender is going to just let a signator off the hook.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Mortgage broker vs. Mortgage Lender [ 3 Answers ]

What are the pro's and con's of using either a mortgage broker or going directly to the mortgage lender?

36 hours before I close mortgage company refuses to give mortgage? [ 5 Answers ]

I secured a deal for a home with the owner and got a signed contract a month ago. For sale by owner deal. Secured financing at 95%, with 5 % down. Did financing through a broker, and got a locked in deal with countrywide over 3 weeks ago. All is well, appraised for 100K over what I have...

What are my rights if I want to get out of a joint Mortgage? [ 1 Answers ]

I am in a joint mortgage with my now ex partner, our house is on the market but I have been living there since he left in May 07, I have now just moved out to start a new life and just wait for the house to sell. My ex and I have been paying half each on the mortgage, however he has just told me...

Looking to go from Sole to Joint Mortgage [ 2 Answers ]

Hello everyone... Happy new year by the way! I'm currently looking to join my mothers mortgage, and was wondering how I would go about doing that, ideally it wouldn't be a half and half sort of arrangement(more 30/70 in her favour), is it just a case of my mother saying that she wants someone...

Joint custody/joint physcial custody [ 3 Answers ]

Hello, I got married in 1993, we separated in 1996, got back together in the same year, My now ex-husband file for divorce in 2000, I did not respond to the divorce, I did not respond due to not getting an court date to appear (divorce papers were served to me while living with ex at the time) due...

View more questions Search