How do i remove name from mortgage? my partner agree and i want keep the house but i dont want refinance?

Cathern
transfer the property into a trust and have the trust make the mortgage payments. Then set up the trust in such a manner that you benefit from home ownership. This will relinquish responsibility from your partner and the lender can't do anything about it.Regards

Anibal
To be able to change a legal instrument all parties affected must agree to the change. This means that not only your partner and you must agree in writing but the lender must agree also. If the lender agrees to place the promissory note and the mortgage in your name you will have to do a novation to accomplish it.To find out whether you have a chance to accomplish this based on your credit history here are some links that might be able to help you before you go to the lender with the proposal.Mortgage Calculators – Includes finding if you will qualify for a mortgage: http://www.mortgage-x.com/calculators/Pr… Once per year free credit report from all three credit reporting agencies: http://www.annualcreditreport.com/cra/in… Buena Suerte

Florinda
You will need to speak with your lender. Under some circumstances they might allow this to happen. Don't get your hope up, but it is a chance.It is sort of like a refinance, you will have to be able to prove that you alone will be able to make the mortgage payment and other necessary qualification the lender will require.The lender could charge you a point for doing this, so be prepared for this charge. You can take this person off the title very easy, simply call a title company, tell them you have someone on the title that want to come off. They will set up an appointment for you to accomplish this.I hope this has been of some use to you, good luck."FIGHT ON"

Madeline
Someone's got the refinance...

Jae
Most banks won't allow it. your partner can approach the current bank and if he can qualify on his own, they may offer you a release. Otherwise, he must refinance without you.If you have any other questions, or need assistance, please contact me via my website http://www.slarson.com/contact or email me directly at Steve@SLarson.com

Gianna
Call your bank and ask about their assumption process. Even loans that can't be assumed, like any conventional loan, can often still be assumed by one of the original parties, such as in a divorce. This is similar.You'll have to be able to qualify completely on your own. If you can't, not even refinancing would help.