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DEED OF TRUST

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chansonhall Guest	Posted: Tue May 17, 2011 2:42 pm    Post subject: DEED OF TRUST Like 0 Dislike 0 Our bank says i'm the only one on our home loan, but the Deed of Trust has me and my wife as Borrowers . Can this be right? thanks _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
chrisgummerson Community Expert Joined: 29 Apr 2010 Posts: 704 Location: La Palma, CA 9.98 Dollars($)	Posted: Tue May 17, 2011 2:50 pm    Post subject: Like 0 Dislike 0 Yes. You can be on title, but not on the loan. You cannot be on the loan and not on title. This is right, as it was how you closed this loan, using just your self to sign the loan papers, but both spouses on title. Perfectly normal _________________ Chris Gummerson Bay Valley Mortgage Group bayvalleymortgage.com 714-367-5125
adonis Joined: 22 Oct 2005 Posts: 10574 Location: ALASKA 1090.82 Dollars($)	Posted: Tue May 17, 2011 8:15 pm    Post subject: Like 0 Dislike 0 Hi chansonhall, I agree with Chris. Your spouse can on the title but not on the mortgage docs. If you want your spouse to be on the mortgage, then both of you need to refinance the existing mortgage. _________________ Procrastination is the enemy of your financial success

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