Posted on: 03rd Oct, 2013 02:08 am
Hello there... Will a quit claim deed remove my wife from the mortgage after divorce? I am capable of paying the mortgage with my income alone.
Hi Polish,
Signing a quitclaim deed will not be able to remove your wife's name from mortgage. It can only remove her name from the property. You will have to refinance the mortgage to remove your wife from it.
Take care
Signing a quitclaim deed will not be able to remove your wife's name from mortgage. It can only remove her name from the property. You will have to refinance the mortgage to remove your wife from it.
Take care
In your situation quit claim deed is not an ideal option when you're planning to remove your wife from the mortgage. You can refinance the mortgage to remove your wife's name from it.
No, quit claim deed isn't the way to go. A refinance should prove a more suitable option.