Only deceased spouse on mortgage, but both on deed

What would you like to do refinance the loan or transfer ownership? You should be able to talk to a title company and they can do a deed transfer.

It sounds like you may be intersted in refinancing the mortgage in your name? If so, that is a fine, same process as if you were on the current mortgage. If you are selling, that is fine too. You are already on Title and you can proceed with the sale,but the Title company will require a copy of the death certificate.

I'm sorry for your loss...I'm not sure what your goal is here but you would have to "purchase" the home to get the loan in your name, not refinance. Since you were not on the loan originally then there is no continuity, as it's called, and it would technically be a purchase. Since you were on deed you can just sell it if you want to, pay off the note and keep the proceeds from the sale if there are any. You should get with a local mortgage broker as well as an estate attorney to review all your options. I wish you the best.

You don't have to refinance if you don't want to.. but you can... contact a LOCAL mortgage broker and apply with them. Not the local "Big" bank, and certainly not one of those 50 states internet lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. 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. 480-287-5714 WilliamAcres.com

I am truly sorry for your loss, but have good news. Federal Estate law requires the lender to allow the mortgage to transfer to the heir. You will need to work with your current lender to arrange this. They may charge you a modest transfer fee, and they will probably start out by telling you that you can't do this. I had to get my attorney to write a letter reminding them that they do not have a choice, and then they did. Once the mortgage is in your name, you can then do whatever the original borrower could do. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

first , is there a will ,trust , living estate? linda

What are you looking to do?

Sorry to hear of your loss. This is a situation you will want to have a direct conversation with a Michigan Lender. It is very likely you can refinance, get it in your name and take advantage of today's great interest rates. You will want to talk to someone who understands the title side of lending and has a good relationship with a title company. In my office, that would be Gus Dahlgren - 517 489 2440. Best of luck to you.