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getting married during the loan process

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irunforlife Joined: 20 Jun 2011 Posts: 1 1.37 Dollars($)	Posted: Mon Jun 20, 2011 4:05 pm    Post subject: getting married during the loan process Like 0 Dislike 0 What problems might we face if we get married in the middle of the mortgage loan process? My fiance is financing the loan alone as we are going with a VA loan. Or... at what point is it "safe" to get married during the loan process?
chrisgummerson Community Expert Joined: 29 Apr 2010 Posts: 704 Location: La Palma, CA 9.98 Dollars($)	Posted: Mon Jun 20, 2011 4:19 pm    Post subject: Like 0 Dislike 0 If you become married prior to the loan closing, then you might have to sign a quit claim deed stating that you waive your right to the property if you are not going on the loan. In community property states, a married person, if on loan solely, then the spouses credit must be pulled and account for any debts you might have. Might be easiest to get the loan funded then proceed with the wedding. Good luck! _________________ Chris Gummerson Bay Valley Mortgage Group bayvalleymortgage.com 714-367-5125
sabrinatoss Community Expert Joined: 16 Jan 2011 Posts: 514 Location: Australia 82.40 Dollars($)	Posted: Tue Jun 21, 2011 1:44 am    Post subject: hi irunforlife! Like 0 Dislike 0 You should try to consult an expert in loans so that you will not have any problems in the future. As you can see, experts will make any transaction easier for you plus the fact that they will also give you a better understanding on what you are going to do next. _________________ Home Loan, Mortgage Insurance Calculator, Mortgage Broker
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12376 Location: bloomfield, ct 58.49 Dollars($)	Posted: Tue Jun 21, 2011 7:09 pm    Post subject: Like 0 Dislike 0 Other than the potential ramifications mentioned by Chris, it would seem that this ought not to complicate matters for you. Since you're not a borrower, there wouldn't be any name changes necessary for the loan documents, right? Have your nuptials when you want to have them. _________________ George M. Akerley Mortgage Underwriter/Consultant Word of Excellence- Writing/Editing/Proofreading 860-221-5044
raymond Community Expert Joined: 03 Jul 2009 Posts: 1189 Location: Irvine, California 27.86 Dollars($)	Posted: Sat Jun 25, 2011 1:04 pm    Post subject: Like 0 Dislike 0 If you're not a Veteran, you can't go on Title with a VA guaranteed home loan unless you're married to the person who qualifies for the loan, so I suggest waiting until you sign the marriage certificate before you close your loan. That way you'll be able to use both your incomes to qualify, and both of you will be on Title and the Note. _________________ Raymond Denton www.RaymondDenton.com

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