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Guest

my husband and his mother are both on the quick claim deed....my husband and I need to get a home equity loan ( there is no mortgage on the home). What are his rights as far as getting the loan? Do we need her signature? We plan on insuring the loan in case of death or illness.

larry · Joined: 27 Jun 2007 Posts: 3322 474.67 Dollars($)

Hi lynn.

Welcome to the forum.

I think your husband can take the home equity loan but he need to take his mother confirmation to take the loan. Have you shopped for lenders to check out your options? If not then you should go for it.

Best of luck,
Larry

smaildaytoday · Joined: 15 Oct 2007 Posts: 52 0.00 Dollars($)

quit claim won't damage to her credit.

Guest

my husband has a home and the title is in his name only. using a quick claim deed how do we have me and him as both owner on it.

larry · Joined: 27 Jun 2007 Posts: 3322 474.67 Dollars($)

Hi pattyann.

Welcome to the forum.

Your husband can simply add you on the deed by using a quitclaim deed. He needs to quitclaim to both you and himself. So he will be the grantor and you and your husband both will be the grantee.

BTW in which state are you in? Is it a community property state? When did he buy the house? These things are very important to know because if you are from a community property state and the property has been acquired after your marriage then it will be considered as a community property. So in that case you are already an owner of the property.

Best of luck.
Larry

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home equity loan with mother on title?