Compare Mortgage Quotes

tbone189 · Joined: 04 May 2009 Posts: 1 1.00 Dollars($)

my wife and i with a friend bought a house and all three names are on the house and now he is moving...and we want to get his name off the mortgage what is the easist way to do this

gmakerley · Posted: Mon May 04, 2009 7:19 am Post subject:

in order for the friend to be absolved of responsibility on the mortgage, you'll have to refinance that loan; unless you have a real forgiving lender who'd be willing to take other steps to accomplish this for you.

jameshogg · Posted: Mon May 04, 2009 10:19 pm Post subject:

Hi tbone,

I agree with George. In order to remove your friend's name from the mortgage, you'll have to refinance it. However, you can also speak to the lender about novation which is also a way of transferring the mortgage from one person to another.

Thanks

Company	Loan Type	APR	Est. Pmt.
				Go
				Go
				Go
				Go
				Go
				Go

Property State:
Property Type:
Credit Rating:

All times are GMT - 7 Hours

Page 1 of 1