How do i buy my fiance out on our house?
BrookHow can I go about buying someone out on a house. The house is in both our names and we have lived here for two years. I live in Florida. If I try to refinance would I be able to get approved on only my income? Any advice would be helpful.
HsiuIf you can afford it you should be able to refinance it, but the deed is in both your names. You will need to do some sort of bill of sale to have your faince's name taken off of it. Recommend getting one of those do it your self idiot guides to selling a home and do the paper work yourself so you don't need to worry about any comissions.
BrittaniYou will need to buy her out of her half. You will need to refinance it in your name only and give her payment at the time of signing as she will have to sign over her half.You may just have to sell it out right and split the profit, then buy yourself a new place.
LuInsane, you won't know about qualifying until you allow a lender to check your credit. If you are able to refinance to put the mortgage in your name alone, you will then need for your fiance to sign a quit claim deed over to you.
Dwanaask him or her if they want to be bought out.if they do go to bank ask to have them removed and get refinanced give difference to them