If i bought my house when i was single does my husband have to cosign if i refinance?

Inez
I bought my house and paid off for it before I got married. I want to use some of the equity in it to pay off personal debt. Does my husband have to co-sign on this loan? If so, will it now give him some ownership of my house?

Marilou
I starred your Q. In the current mortgage crisis, I found your Q MOST interesting. The lender might want your husband's signature to make double sure the mortgage gets paid.The best suggestion I can make is to call the following and in this order: 1] The bank or lender which had your original mortgage which yo paid off.2] The bank or lender where you have your current savings and/or checking accounts3] federal credit unions4] savings and loans - due to the fact 3] & 4] usually have lower fees than full service banks or commercial banks, you could also reverse this to 4] then 3]. You should ask about your husband being on the new mortgage. Until you get the answers to your Qs, be persistent. While you are on the phone, they can't get you to sign anything. Thanks for asking your Q! I enjoyed answering it!VTY, Ron BerueYes, that is my real last name!

Hailey
2-2-08 Hi Luvinmylife2!Thank you very, very much. I’m honored my answer was chosen THE BEST! When I received the notice, it REALLY helped make my day MUCH better! Again, Thank You Very Much! Very Truly Yours, Ron Berue Report Abuse

Clarine
I don't think so. I had a friend go through something similar and no cosign was needed.

Beatrice
no its your house.

Anastasia
There is some sense in what Mark H says but mostly you have to look at it like this,,, you can get a really good interest rate on an equity loan right now, you will be debt free except for the mortgage AND you will have established a great tax advantage by being allowed to deduct ALL the interest on your mortgage payment. Yes, you won't have a paid off house anymore. But, it will be your only debt and your money will be working for you. Brilliant financial move.

Brenda
Depends if you are in a community property state.

Chester
Absolutely not.

Faviola
If you are legally married, it's one to buy two to sell. No he may not have to sign off on a mortgage, but if you sell the property, he will have to sign all selling paperwork.

June
He doesn't HAVE to, no. It is your property.

Anastasia
If he co-signs, he owns half. However, I am not sure how much personal debt you have, but refinancing your home to pay it off is not a good idea. Even if you got a great rate under 6% you will be paying that 6% for 15 years probably.If you can, just try to make double payments on what you have without refinancing your home. Having a home that is paid off is something not many people have!

Adah
No, ownership is on the "deed", not per the "note" for payments.A lender you apply may require his credit information as well. Consult with your broker/lender as to their credit requirements. You may be able to secure the loan in your name only if this is your desire.