Can you still get a mortgage after a divorce?

Yes, if your ex-partner can prove they are able to pay off the mortgage on their own after the divorce, they can take your name off the mortgage following the same steps above. Wondering how to refinance a home loan after divorce, exactly?

How to remove spouse’s name on house mortgage during divorce?

Removing Spouse’s Name on House Mortgage During Divorce 1 Taking Your Spouse Off Your Mortgage. There is only one way to have your spouse’s name removed from the mortgage: You will have to apply for a loan to refinance 2 Filing a Quitclaim Deed. As Hard As Divorce Might Be, We Make It Easy. 3 Getting Help. …

Can a ex-spouse still own a house after a divorce?

No. Once the divorce is final and the home has been transferred to you by quitclaim deed, your ex-spouse is no longer an owner and has no right to enter the property other than by your invitation and consent.

Can a divorce decree remove an ex spouse from a loan?

The deed deals only with title to the property. To remove an ex-spouse from a bank loan, the lender must agree to release the ex-spouse from the loan. If presented with a divorce decree and a quitclaim deed, many lenders will remove the ex-spouse and leave the loan in the name of one spouse only.

Can a divorce decree remove a spouse from a mortgage?

If presented with a divorce decree and a quitclaim deed, many lenders will remove the ex-spouse and leave the loan in the name of one spouse only. This is true even for loans underwritten by the Veteran’s Administration (VA loans) or other governmental organizations. Refinancing creates a fresh loan in the name of only one spouse.

Why is my ex wife not removing my name from the mortgage?

My ex-wife was awarded the marital home in the divorce decree, but she has yet to remove my name from the mortgage and deed as required by the agreement. The mortgage company now says I cannot remove my name from the mortgage because my ex-wife cannot refinance the home alone.

Can a former spouse still pay for a house after divorce?

Your former spouse still has the legal duty to pay as long as both of your names remain on the mortgage. A court should anticipate this issue when producing the divorce documents. These papers may make the award of the home contingent on the lending institution releasing the grantor from the mortgage.

Can a mortgage be transferred to one spouse in a divorce?

A mortgage or deed of trust may not match the title to the property. This can occur, for example, when both spouses are originally included in the loan documents, but only one spouse receives the property in the divorce. In this scenario, one spouse will own the property, but both spouses could remain responsible for the loan.