Kind of a loaded question
by dvpgm (click here to email the poster) (2018-12-12 08:48:40)
Edited on 2018-12-12 09:00:36

In reply to: Question for bankers or mortgage officers  posted by mustangman

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If the end goal is to simply get the husband off the solution is to pay off the loan via a refinance of some sort (or cash if that is an option).

Because the loan amount is so low it makes it cost ineffective to just do that in most cases though. Were you friend my customer we would have a conversation about her overall financial picture and what the best monetary solution for her specific issue was. The solution may range from doing nothing to a few different loan options and scenarios. I have included my email if she wants to shoot me a message and I will do my best to advise.

Thanks.
by Mustangman  (2018-12-12 16:59:27)     cannot delete  |  Edit  |  Return to Board  |  Ignore Poster   |   Highlight Poster  |   Reply to Post

As you know, anybody who is on the mortgage has that liability. Apparently the ex wants to buy another house, and with his name still on the other mortgage, it is affecting his credit. So, my friend is looking at all options. She might end up not doing anything. He is not on the deed. I will email you with other questions. Thanks.