Posted on: 27th Oct, 2010 02:09 pm
i cosigned for my fathers mortgage (refinance), now i am trying to buy my own home and can not do it without a cosigner which i do not want to do. how can i get my name off of the mortgage? my father has terrible credit and only receives social security so the lenders will not refinance with just him on the mortgage. any help/ideas are appreciated
Hi Guest,
Unless your father refinances the mortgage in his name, you won't be able to remove your name from that loan. Your father can take the help of any other person who can cosign for him in order to release you from the loan. Once your name is removed from the mortgage, you will be able to get a mortgage.
Unless your father refinances the mortgage in his name, you won't be able to remove your name from that loan. Your father can take the help of any other person who can cosign for him in order to release you from the loan. Once your name is removed from the mortgage, you will be able to get a mortgage.