Tamara Posted February 13, 2005 Report Share Posted February 13, 2005 Bought a house 6 months ago. Interest rate is a little high due to my lack of credit. DH has several collections. The loan was based on my bank statements (business). The loan was based only on my credit but they did put DH name on the loan because his name is on my business bank statements. And several of DH loans show 30 days and possibly some show 60 days (they are very current ones too).After 2 years we can refinance without penalty. Is it possible to refinance it in only my name? Or do we have to refinance it in both names because the original loan is in both names?Thanks for the help! Link to comment Share on other sites More sharing options...
Motormouth Posted February 14, 2005 Report Share Posted February 14, 2005 I think the laws differ in every state and I think it would depend on whether or not you're in a community property state. In order for you to get the loan only in your name you'll have to get him to sign over his rights to the house. In my area my (ex) husband had to file a quit-claim deed - basically deeding me the house so I could refinance it only in my name. You'll have to check with your county and your bank.MM Link to comment Share on other sites More sharing options...
Tamara Posted February 14, 2005 Author Report Share Posted February 14, 2005 Ok. Thanks for the info. I will indeed check into that. Link to comment Share on other sites More sharing options...
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