Will Novation remove my ex girlfriend from my mortgage loan and property deed?
Will Novation remove my ex girlfriend from my mortgage loan and property deed?
I currently own a house with my now ex-girlfriend, she wants out as soon as possible but I do not want to sell. I would like to refinance and have thought of a Quit Claim Deed but just heard of Novation. How would that work for me to get her off of my mortgage loan? I have been paying the payments myself, not her.
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It wont - the only way she can be removed is a refi - the loan has to be paid off before her name can be removed
Good Luck
Brian Barnes
Loan Officer
Loans in all 50 states
Brian@Aimwithfocus.com