Can My Wife Refinance?

If your wife has the credit and income to qualify by herself, and you are willing to place her on title, then we can help you refinance. We have rates as low as 3.400% with Interest Only payment options available. Please call me at 949-478-FUND(3863) so we can review your loan profile and determine if we can meet your goals. I can also be reached at JAS@ThinkJohnAJr.com. Sincerely, John Soricelli

Darrious, you've heard a few answers about how to refinance, but nobody has looked at it from the other direction. If you're wife is NOT on title, yet, there is no reason why she can't purchase the home from you, if she qualifies. Most lenders will have specific requirements/overlays for what we call "non-arms length" transactions, and will most likely restrict your "loan-to-value", but it's certainly worth looking into to see if it will work. Because you're married, you can gift her equity, if available, to help with this equity/down payment requirement. As long as everything is properly disclosed to the lender, there's nothing wrong with doing it this way. Best of luck to you!

The short answer here is if your new wife is not on title then no.

You could add her to title and wait 6 months. After that she could refinance.

There are several Investors who may consider adding your wife to title and keeping both of you on the loan in order to make it work. And you would not have to wait 6 months. If you like give us a call at 877-834-3340 and we would be more than glad to assist you with more information.

Can your wife's income cover the payment (principal, interest, taxes and insurance) and all of her credit debt and still be below the 45% debt to income? You can add her to title but most lenders want to see a time frame before they can do financing on the loan, usually 6 mos. or more. Remember they are not on your loan, just the title to you home.