Mortgage confusion

posted 3 years ago in Home
Post # 3
Member
11668 posts
Sugar Beekeeper
  • Wedding: November 1999

Yes, he can be on the title/deed but not on the mortgage.  I don’t know all the implications of this should you divorce, etc. so I’d ask a real estate lawyer about it.

 

Post # 4
Member
318 posts
Helper bee
  • Wedding: December 2018

Correct, he can be on the deed but not the mortgage.  Since my fi has bad credit and is not helping out financially with the house,  I am not putting his name on the deed.  if something we’re to happen I don’t think it’s fair he should have part of something he did not contribute to. 

 

Post # 5
Member
2627 posts
Sugar bee
  • Wedding: November 1999

Yup totally possible. We did this, somehow, accidentally.

We were both pre-approved for the mortgage, but only DH dealt with the mortgage people and was at the closing by himself (I signed over power of attorney). So I am guessing the guy when doing the official paperwork just used his name.

Somehow only he ended up on the mortgage documents, but I am on the deed to the house and other documents like HUD, HOA docs etc.

 

Post # 6
Member
10384 posts
Sugar Beekeeper
  • Wedding: September 2010

All the PPs covered it. Figure out the legality and whether you are comfortable with that!

Post # 7
Member
994 posts
Busy bee
  • Wedding: June 2012

Yeah he can be on the deed/title without being on the mortgage. 

Post # 8
Member
11379 posts
Sugar Beekeeper
  • Wedding: April 2012

@MrsRose:  i will strongly suggest that if only your name is on the mortgage then only your name goes on the deed. 

should anything happen, i am not saying it will, but heaven forbid, you will be liable for the entire debt and he automatically gets half the house without obligation of any payment.

Post # 9
Member
30 posts
Newbee
  • Wedding: April 2013

Yes – my husband and I did this. I was unemployed when my husband and I went to get approved for a mortgage so he qualified on his own. Only his name is on the mortgage, although mine is on the title. Just a warning: Our mortgage lady told us that if my husband and I were to split up, he would be left making the mortgage payments by himself, but I would still own half of the house in the eyes of the court. YIKES. 

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