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How can a married person refinance with no-cosign in common property state?

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kmwahlstrom Joined: 18 Nov 2009 Posts: 2 1.64 Dollars($)	Posted: Wed Nov 18, 2009 12:46 pm    Post subject: How can a married person refinance with no-cosign in common Like 0 Dislike 0 I bought a house before getting Married 2 1/2 years ago. My name is the only name on the title, my name is the only name on the mortgage. I want to refinance. My credit is pretty good aprox 770. My husbands is very bad <600. To make things more complicated for me, we live in Wisconsin. My husband is fine with staying off the deed and mortgage. Please give me some advice on how to proceed.. Thanks
jenkin7 Joined: 04 Jun 2007 Posts: 4537 Location: Hawaii 728.43 Dollars($)	Posted: Wed Nov 18, 2009 10:30 pm    Post subject: Like 0 Dislike 0 Hi kmw, You can refinance the loan in your name. It is not necessary for your husband to be a cosigner on the loan. If you have good credit and income, there is no need for your husband to co-sign on the loan. However, though he is not a co-signer on the loan, his debts will be taken into account while calculating your debt-to-income ratio. His name does not necessarily have to be on the title, because being in a community property state, he has got an ownership right to the property.

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