Yes, this is done all the time - usually the best way for one person to get off of the loan. Of course, you have to make sure that your husband can qualify for the mortgage alone, on just his income. (But if you're doing a FHA refinance, your debts are factored in, but now your income.) Just let your loan officer know this is what you want to do.
Yes, as long as he has enough income to qualify for the loan by himself. You can either choose to remain on title or waive your homestead rights as well.
Yes, as long as your husband meets the qualification requirements to be on the loan on his own, he can just be on the refinance.
Yes, he can refinance and be the only borrower. Assuming he qualifies for the mortgage alone, there should be no problem.
You will need to deed off the ownership title at closing, but you can be added back on ownership the next day.
Yes, but you will have to sign to release yourself from the title (you can be added back on title one day after close) Also, he will need to qualify on his own and he can only use his income, your income, if any, will not be considered.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com
As others are saying, it should not be a problem depending on his qualifications. Can't see any reason why you'd have to be released from the title - you should be able to stay on with no problem.
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