How to remove coowner of house off mortgage?

Bernadine
Ok so I made the biggest mistake ever... I bought a house with my girlfriend who is now my ex. dumb dumb dumb. How do I go about getting her off the mortgage? If I refinance in my name alone will I have to pay closing cost all over again? Thanks

Garnet
First, you CANNOT take her off the deed without her permission..period.She legally owns the property 50/50 with you...so neither of you is more entitled to the property than the other.She would have to be a fool to tkae her name off the deed while her name is still on the mortgage.IF she wants off...you can go to the bank, start the process for a refinance (other than selling, this is the only way to get her name off the mortgage)...and then your ex has to show up to closing to sign her name off once the old loan is paid off...that way she has the legal security of knowing she is no longer responsible for the note.Yes, you'll have to pay closing costs again as well as pay her 50% of the equity.

Brianne
Only way to get her off the mortgage is to sell or refinance the property. Period.Question: Why worry about getting her off the mortgage? For a variety of reasons, it's really to your advantage that she's there. However, what you want to do is get her off the deed. You want to remove her ownership interest. You can do that simply by having her deed her interest to you. Check with a lawyer, but it's possible a quit claim deed is all you might need. She'd have to agree to that, but that's your easiest option. Another, slightly more complicated technique, is for the two of you to transfer the house into a land trust, with you named as the sole beneficiary.Note: If she does deed her interest to you, that could place her in violation of your lender's due on sale clause.Again, check with a lawyer for the best strategy.Hope that helps.

Cierra
You got it correct. You will need to refinance and pay all those closing costs again. At the very same moment, you need to have her sign a quit claim deed which will remove any and all interest she has in the property.It's good to see, however, that you realized your error quickly. I am amazed at how many in this forum do not.

Essie
First you need her off the deed and then you need to refinance. It's done all at once, a sale, like when you bought. Get legal advice and assistance. And yes, a refi requires payment of closing costs. If she were to Quitclaim her interest to you, that would get her off title, but doing so probably invalidates your mortgage should the lender find out, and she would still be on mortgage.

Debi
She has to sign herself off from the title when you refinance. The lender will request that and yes you'll have to pay the closing cost again. Or you can seek one no point no cost loan with the interest rate so low today. It's not a bad idea.

Cleveland
Is your ex on the mortgage and on the property? She will have to quit claim deed the property to you and you will have to get a loan in your name alone to buy the property.

Mui
As posted is your ex going to freely sign over her right to half the property?