My husband wants to refinance...he has great credit and I don't though it is improving. Do I have to be on the loan?

Although Illinois is a community property state, you are not required to be on the loan application. Therefore, neither your personal credit nor your personal debt will impact your husband's ability to qualify for a refinance. You will however have to sign your homestead rights and other documents at the time of closing.As a HUD approved lender and an Illinois Mortgage Licensee, would love to assist you and your family in the refinance of your home. You can begin the secured loan application process by visiting http://yourFHAhomeloan.com/application and completing accordingly.Any further questions, please contact me directly by email at james@jamesbarath.com. Otherwise, you can just call or text me at 512-522-7284. Sincerely, James

I agree with all the other lenders and just to add if your husband wants you to be apart of the transaction then he can take comfort in knowing that you can be on the title of the home and not the mortgage. This is a nice security feature that would not tie you financially to the home loan but would still give you legal rights to the property

Your husband can refinace the propert on his own if he wants to. Do you want to see if your credit is good ehough to get on the mortgage?Vincent Pucciovnpuccio@aol.com773.343.9703

Hi, In Illinois, Both spouses do NOT have to be on the loan; He can refinance himself. The only involvement on your part is that you would have sign a papaer stating that you are aware that he is refinancing the house.Feel free to fill out our online application or or give me a call directly and I can Fedex the refinance papers to you right away so that we can lock in a great rate! Visit me at www.IMCALLINGKRIS.com or call me at 630-347-6321.Thanks, Kris KrajeckiDM FINANCIAL NMLS License # 225689

Any lender can look at both scenarios and advise you of what would work or not. I would be happy to do that for you, but to answer your question no, you do NOT have to go on the mortgage with him. If you do then your debt would be considered. If you are working, that might not me an issue but I can tell only after getting some more details.Tom

hi: In my experience, no you do not have to be on the mortgage note if your husband can qualify with new refinance on his own based on his subject debt to income ratio. Credit scores usually determine the best rate out there but one still has to qualify for the mortgage. If he is unable to qualify with his income on his own, you can always obtain a non occupant borrower to add on the new loan using that person's income & high credit scores to qualify worse case...Mike (703 505 5300)