QUESTION
should I remove my name from new home loan
Asked on Jul 24th, 2016 on Real Estate - New York
More details to this question:
we are refinancing home. My name is on the deed to our home. If I remove it from the loan, will that have any negative/positive effects, say should we divorce in the future. Specifically: will I still have a claim/partial claim to this home if I am not on the loan. Home purchased by husband 1980's @ 80k Now we owe 190k. equity would to to husband. Married and living in home 16 years. 2 minor children
1 ANSWER
1 Award
As long as the deed stays in your name, the loan does not have to be joint. Do not give up title.
Answered on Jul 30th, 2016 at 3:42 PM