Posted on: 20th Mar, 2009 05:50 pm
Our house is paid for. My husband wants to take a loan against our home without my consent. Can he?...Can my husband take a mortgage out on our home? We currently have no mortgage and our home is valued at approx. $170,000. Can he take a loan for any amount without my approval? Both of our names are on the title.
No, you would need to sign a document which means that you acknowledge the fact that he is taking out a loan against your primary residence. However, it would not be the first time that document was forged by the spouse.