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jenkin7

Joined: 04 Jun 2007
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valerie
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james kollasch
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larry

Joined: 27 Jun 2007
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Mary
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larry

Joined: 27 Jun 2007
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Sheila
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larry

Joined: 27 Jun 2007
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Sheila
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larry

Joined: 27 Jun 2007
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Roz1220
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Jessica
 Community Mentor

Joined: 08 Jun 2004
Posts: 808 Location: OHIO
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Posted: Mon Dec 31, 2007 4:53 am Post subject: RE: get name on title and refinance
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No, not at all, don't end up your savings simply by helping your husband, because he's not making a misuse of your money actually and he's not bothered.
What you need to do here is:
Talk to your husband and explain him clearly that you don't want to finish off with your savings.
First of all, ask him to remove his deceased wife's name from the title – that can be done by filing an affidavit of heirship by which he'll own the property entirely, then he can transfer a certain portion, say half of it to you so that both of your names will be on the title.
You speak of credit issues, well how bad is your credit? Let me know, it will be better for me to suggest options which you can go for.
If you have a decent payment history with a 600 score, I think you can refinance but yes, rates can be a bit higher. But there's no way out. If you help your husband, you have do it this way or else, you go on depleting your savings for one who doesn't realize your contribution and in the end you lose what you'd kept aside for years!
Regards,
Jessica _________________ http://jessica.mortgagefit.com/ |
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emerald
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