Posted on: 10th Jun, 2010 07:03 am
My husband recently passed away. Both of our names are on the deed. When we refinanced almost 3 years ago, the loan was in just his name. Can I just continue to make the payments? He has been battling cancer for 3 years. In that time, my credit has gone severely down hill. Our mortgage is up to date, and I can continue to make the payments Do I have to remortgage? What do I do??
Hi reef!
Welcome to forums!
The lender will want you to refinance the mortgage in your name. This will make you liable for the payments. In case, you are unable to refinance, you can apply for an assumption of the mortgage with your lender. It will be the lender's discretion whether or not he would let you assume the mortgage.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
The lender will want you to refinance the mortgage in your name. This will make you liable for the payments. In case, you are unable to refinance, you can apply for an assumption of the mortgage with your lender. It will be the lender's discretion whether or not he would let you assume the mortgage.
Feel free to ask if you've further queries.
Sussane