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Name on deed but not mortgage

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Concerned wife Guest	Posted: Thu Apr 16, 2009 6:03 am    Post subject: Name on deed but not mortgage Like 0 Dislike 0 Can my husband hold the mortgage and I still be listed as half owner on the property? I am concerened that if I am not on the mortgage I can not own the property. _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12330 Location: bloomfield, ct 50.03 Dollars($)	Posted: Thu Apr 16, 2009 6:52 am    Post subject: Like 0 Dislike 0 wife, your husband can be the only borrower while the two of you are the owners. if that is the case you're describing, then you need not worry. your ownership would not be "half," either. each of you are full owners of the property. _________________ George M. Akerley Independent Contractor - Mortgage Consultant Word of Excellence Editing/Writing/Proofreading 860-221-5044
smithsussane Joined: 18 Sep 2008 Posts: 10030 Location: Alaska 919.49 Dollars($)	Posted: Thu Apr 16, 2009 11:15 pm    Post subject: Like 0 Dislike 0 Hi Guest! Welcome to the forums! I agree with George that it is not mandatory for you to be on the mortgage. You can still own the property if you are only on the property deed and not on the mortgage. Feel free to ask if you have further queries. Sussane
Carrie Guest	Posted: Sat Apr 18, 2009 5:23 pm    Post subject: Not on mortgage but would like to be on the deed. Like 0 Dislike 0 I am married. We recently applied for a refinance on our home and the mortgage company took my name off the deed. My husband is the sole person on the mortgage since we are married can I put myself back on the deed?
smithsussane Joined: 18 Sep 2008 Posts: 10030 Location: Alaska 919.49 Dollars($)	Posted: Sun Apr 26, 2009 8:48 pm    Post subject: Like 0 Dislike 0 Hi Carrie! Welcome to forums! Did the mortgage company give you any reason as to why they removed your name from the mortgage deed? As far as I know, you can add your name to the deed. However, before doing that you should inform your lender about it. Feel free to ask if you have further queries. Sussane
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12330 Location: bloomfield, ct 50.03 Dollars($)	Posted: Mon Apr 27, 2009 1:53 pm    Post subject: Like 0 Dislike 0 there is a whole new sense, i think, that mortgages are not valid if all those signing notes are not on the deed and vice versa. this sense is with the mortgage lenders, mind you - not the borrowers. it is my long-held belief that a borrower need not be an owner; nor does every owner need to be a borrower. perhaps there's been a change in the laws that govern title issues that i'm unaware of. certainly, i'll defer to attorneys who concentrate on real estate to settle this, but i'm curious, frankly as to when and where this concept came about. _________________ George M. Akerley Independent Contractor - Mortgage Consultant Word of Excellence Editing/Writing/Proofreading 860-221-5044

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