Posted on: 26th Jun, 2009 10:55 am
My boyfriend and I bought a house a year ago and are now breaking up. The majority of the loan is in my name and he is the co-signer. I have good credit, his has poor. We are undecided who is keeping the house. I understand refinancing is the basic option, however is there a way to do this without going through the whole closing cost process again?
lzuhlke
welcome to mortgagefit.
I do not find any alternative other than refinancing the loan on your name alone as his credit score is bad he won't get refinance.
but at the same time make sure before refinancing you ask for the quitclaim from him so that later on you will not be in trouble.
keep in touch........
:arrow: :arrow: :arrow:
welcome to mortgagefit.
I do not find any alternative other than refinancing the loan on your name alone as his credit score is bad he won't get refinance.
but at the same time make sure before refinancing you ask for the quitclaim from him so that later on you will not be in trouble.
keep in touch........
:arrow: :arrow: :arrow:
Can you explain what a quickclaim is? and what if I don't want the house? If he can't refinance we have to sell? We'd lose big time on it considering we've only had it a year and the market stinks.
Your question has been answered here...
http://www.mortgagefit.com/problems/removename-refinance.html
http://www.mortgagefit.com/problems/removename-refinance.html
