FAQs
I'm already on the mortgage, but I want to remove my former spouse. Is that possible?
Yes, it is absolutely possible. We know that navigating mortgage details after a divorce can feel overwhelming, but we are here to help make this transition as smooth as possible for you.
Because your original mortgage was based on both of your financial profiles, we aren’t able to simply remove a name from the existing paperwork. However, you have two great options to transition the loan entirely into your name so you can move forward:
Option 1: Loan Assumption
- How it helps: This allows you to take over the current mortgage and keep the existing interest rate and terms.
- What to expect: We will work with you to verify that your individual credit and income can support the monthly payments. (Note: While FHA and VA loans are typically assumable, some loan types like Conventional loans may not be eligible.)
Option 2: Refinance
- How it helps: This replaces your current joint mortgage with a brand-new loan in your name only.
- What to expect: This requires standard credit and income qualification, and your new rate will be based on today’s market. This is often the perfect solution if your current loan isn’t eligible for assumption, or if you need to use a “cash-out” refinance to buy out your former spouse’s share of the home.
You don’t have to figure this out alone. Our Loan Experts help homeowners through these exact situations every day. Please reach out to us at 866.549.3583 so we can look at your specific loan together and find the path that works best for you.
A quick tip on ownership: Updating your mortgage doesn't automatically update the property's title. You will likely also need to file a document (like a Quitclaim Deed) to ensure the home is officially in your name only.