Posted on: 17th Nov, 2011 09:51 am
i have had my loan for 6 years, soley in my name. i married 4 months ago and i want to refinance to bring my payment down. my husband and i have separate finances. we both have a home. do i have to use his income for my refinance?
Hello gargoyle,
When a business refinances, it typically extends the maturity date. When individuals change their monthly payments or modify the rate of interest on their loans, it usually involves a penalty fee.
:idea:
When a business refinances, it typically extends the maturity date. When individuals change their monthly payments or modify the rate of interest on their loans, it usually involves a penalty fee.
:idea:
Hi gargoyle!
Welcome to forums!
If you don't want to add your husband to your property and mortgage, then you can use his income. If you don't want to do so, you won't have to include his income while you refinance.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
If you don't want to add your husband to your property and mortgage, then you can use his income. If you don't want to do so, you won't have to include his income while you refinance.
Feel free to ask if you've further queries.
Sussane
>>Do i have to use his income for my refinance?
No
No
You do not need to use his income, but, if you live in a community property state, you may have to use his debts.
Good point, John.