My fiance and I are buying a house and our wonderful lender left her name off of the loan and decided to tell us the day before. And it's too late to change anything because the seller has to close now. We can add her name to the title of the house easy enough, but is there anyway to include her on the home loan without refinancing? We would like it to have a positive effect on her credit as well as mine. And I suppose, in case something happens, I don't want to be the only one on the hook for the loan.
2006-06-06 15:36:32 · 4 answers · asked by stanza_chad 2 in Business & Finance ➔ Renting & Real Estate
No.
2006-06-06 17:10:46 · answer #1 · answered by SndChaser 5 · 0⤊ 0⤋
The answer to your question is a simple NO..."in case something happens" ??? I would think that you would want to be the only one on the loan AND TITLE... If you get divorced at least you could sell it and not have to fight over it and if you die the property will go to her anyways, including the mortgage. If it is that important to you (or her) call your lender when you have at least made the first payment (you will be in their system) and inquire about the change...
2006-06-06 23:13:57 · answer #2 · answered by jafnarf 3 · 0⤊ 0⤋
If you already closed its too late. Otherwise, You can always push out a closing and get reapproved with her on the loan if the sellers are ok with it.
2006-06-06 22:44:36 · answer #3 · answered by yohanthebeerdrinker 2 · 0⤊ 0⤋
I doubt the mortgage company would do that.
2006-06-13 21:05:32 · answer #4 · answered by Erica 2 · 0⤊ 0⤋