Prefer to talk in person? Find a mortgage specialist on Zillow
Profile picture for jadennis85

Do I get a new mortgage or refinance on a house I own with my ex-husband to become sole owner?

My ex-husband and I own a house together we bought when we were married.  I want to keep the house (my ex is fine with that).  Do I apply for a new mortgage or do I just need to refinance the current mortgage both of our names are on? 
  • July 11 2009 - Campbellsville
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (3)

If you want him to have absolutely zero interest in the property, you would need to refinance the property and get a mortgage in just your name AND have your husband sign a quit-claim deed at closing.  If this was not part of the divorce paperwork, the title company the lender uses should be able to draw one up for you. 
  • July 17 2009
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

You would refi and have him removed from the mortgage, provided that you qualify in terms of your credit and income (and there is enough equity in the home)
  • July 14 2009
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

If you can qualify with just your income and the liabilities on Your Credit Report you will probaly reduce your monthly payment. .... If you can't and your husband agrees to remain on the loan, then just have your husband removed from title. Happy funding, Rudi Hofmann
  • July 11 2009
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.