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I own my home and I have a new husband who has nothing to do with the home, can i take out an equity line with his involvement

by remer2012657 from , California. Apr 8th 2014 Reply


Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions

Yes but his name will have to be added to title.

Apr 9th 2014
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Pete Bass (PeteBass)
#30 ranked lender in Connecticut - 476 contributions

Yes,as stated his name will be added to title- if he is to be on the loan also, he willhave to qualify with his income and debts along with yours-

Apr 9th 2014
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IRIS CRESPO (icrespo@americanfsb.com)
#93 ranked lender in Pennsylvania - 16 contributions

California is a Community Property State.IF he is NOT on Deed & NOT on Mortgage Note & you plan to keep it that way- that is fine, you can.However, there are still forms he would likely need to sign acknowledging that you are restructuring the note on your property.

Apr 9th 2014
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IRIS CRESPO (icrespo@americanfsb.com)
#93 ranked lender in Pennsylvania - 16 contributions

Normally, anytime your use someone to qualify for a loan & they are involved in the approval process normally they are added to the Deed. They can be quitclaimed off after the loan is completed.

Apr 9th 2014
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Jason Vondrak (jvondrak)
#220 ranked lender in California - 1,741 contributions

Yes, you can as long as his name is added to the title/deed of the property.

Apr 9th 2014
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Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,843 contributions

Sure... No problem...

Apr 9th 2014
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Mike Silkworth (msilkw_195_870)
#29 ranked lender in Michigan - 531 contributions

He would need to be added to title. Be advised that different states will have different requirements.

Apr 9th 2014
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