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mortgage vs deed

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rbtlg Joined: 04 Aug 2010 Posts: 3 1.66 Dollars($)	Posted: Wed Aug 04, 2010 4:59 pm    Post subject: mortgage vs deed Like 0 Dislike 0 My husband & I both go-own our home but the mortgage is in his name. I live in AL. can he refinance/borrow money on our home without my knowledge? If yes, is it legal?
smithsussane Joined: 18 Sep 2008 Posts: 10020 Location: Alaska 917.78 Dollars($)	Posted: Wed Aug 04, 2010 8:12 pm    Post subject: Like 0 Dislike 0 Hi rbtlg! Welcome to forums! If your husband has the required credit and income, he would be able to take out a mortgage in his name using the property as a collateral. However, as you're one of the owners of the property, he should have informed you about the mortgage. Feel free to ask if you've further queries. Sussane

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