Posted on: 05th Apr, 2010 08:28 am
i helped co-sign a mortgage for my brother about two years ago since he was unable to get a mortgage with his credit score. i'm wanting to release my name from the mortgage. he have went to our mortgage lender and he said they have denied him his request to refinance with his current credit score even though he haven't had any late mortgage payment in the last two years and also with his high income.
i'm planning on buying a house and need to remove my name from his mortgage so that i can get a mortgage of my own. is there anything i can do to remove my name from his mortgage if he's not willing to refinance or his unable to with his low credit score?
i'm planning on buying a house and need to remove my name from his mortgage so that i can get a mortgage of my own. is there anything i can do to remove my name from his mortgage if he's not willing to refinance or his unable to with his low credit score?
Hi Guest,
Your brother will have to refinance the loan in order to remove your name from the loan documents. Your brother should first improve his credit score and then try to refinance the loan in his name. Your brother can check out the given page to know some steps to improve his credit score:
http://www.mortgagefit.com/credit-rating/credit-repair.html
Take care.
Your brother will have to refinance the loan in order to remove your name from the loan documents. Your brother should first improve his credit score and then try to refinance the loan in his name. Your brother can check out the given page to know some steps to improve his credit score:
http://www.mortgagefit.com/credit-rating/credit-repair.html
Take care.