Posted on: 15th Sep, 2008 05:37 am
There is only one person on the mortgage, but two people on the deed. Can equity be pulled out of the house with just only the person on the mortgage?
hi y_maldonado,
welcome to the forum.
yes, even if there are 2 persons on the deed and 1 on the mortgage, you can pull out equity of your home. there are a number of options to pull out equity. you may take out a second mortgage, a refinance loan or even a reverse mortgage. however, reverse mortgage will only be applicable if you are aged 62 and above.
may god bless you.
samantha
welcome to the forum.
yes, even if there are 2 persons on the deed and 1 on the mortgage, you can pull out equity of your home. there are a number of options to pull out equity. you may take out a second mortgage, a refinance loan or even a reverse mortgage. however, reverse mortgage will only be applicable if you are aged 62 and above.
may god bless you.
samantha