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Hi, we are working on our home refinance. I used to be a co-borrower. If I am not a co-borrower this time, can I keep my name on the title?

Thanks,

savior70 · Posted: Sat Oct 03, 2009 3:56 am Post subject:

Hi xw,

It is possible for you to keep your name on the title without being a co-borrower on the loan. Being on the title doesn't necessarily mean you also have to be on the mortgage. If you don't want to be responsible for the loan, you can choose to not sign on the mortgage note. However, you will be required to sign on the other mortgage documents. This is to allow the lender to have the right to foreclose on the property, in case of a violation of the terms of the mortgage agreement by the borrower. But signing on those documents doesn't make you liable for the repayment of the loan.

hemsleysue · Joined: 13 Sep 2009 Posts: 72 0.02 Dollars($)

you can be on deed without being a coborrower.
provided main owner is able to finance the mortgage at his own.

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