My husband died and we are both listed as borrowers for our mortgage loan. Do I have to requalify/refinance the loan?

Author Message
Icon Mini Profile tdw




Joined: 14 Oct 2009

Posts: 1

1.30 Dollars($)
PostPosted: Wed Oct 14, 2009 10:27 am    Post subject: My husband died and we are both listed as borrowers for our

With my husbands death will the mortgage company make me reapply for the loan? We are listed as co-borrowers
Icon Mini Profile jveenstra
jveenstra
Community Experts
Community Experts


Joined: 10 Nov 2008

Posts: 555
Location: River Edge, New Jersey
130.20 Dollars($)
PostPosted: Wed Oct 14, 2009 1:23 pm    Post subject: Mortgage

No, not as long as the mortgage payments continue to be made on time.
_________________
John Veenstra
Senior Mortgage Consultant
Approved Funding Corp
41 Grand Avenue
River Edge, NJ 07661
800-475-0123 Ext 278
Icon Mini Profile gmakerley
gmakerley
Community Mentor
Community Mentor


Joined: 09 Nov 2007

Posts: 9808
Location: bloomfield, ct
45.23 Dollars($)
PostPosted: Wed Oct 14, 2009 1:25 pm    Post subject:

lenders don't monitor the obituaries, and they aren't concerned about who is paying the mortgage, as long as they're continuing to get paid.
_________________
George M. Akerley
Loan Consultant

860-221-5044
Tennille

Guest






PostPosted: Wed Oct 14, 2009 2:00 pm    Post subject: My husband died and we are both listed as borrowers for our

But do I have to remove his name from the loan?
Icon Mini Profile gmakerley
gmakerley
Community Mentor
Community Mentor


Joined: 09 Nov 2007

Posts: 9808
Location: bloomfield, ct
45.23 Dollars($)
PostPosted: Wed Oct 14, 2009 4:52 pm    Post subject:

just keep making the payments, tennille. you could always refinance if that suits you, but you may find it easier just to continue paying until it's gone completely.
_________________
George M. Akerley
Loan Consultant

860-221-5044
Quick Reply
Your Name
Subject
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights
Helpful References
Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.

MortgageFit Live Help

Explore the lender near you

Google Map Image

MF Talk



DebtConsolidationCare    Insurance community: We Make You Insurance Smart    CreditMagic: Helping you build up credit


We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Website Feedback
Feedback Analytics