About Bret Temple Expertise I can answer any question that pertains to Real Estate Finance, both in Residential and commercial Real Estate. This includes questions on Financing the purchase of a new home, refinance, debt consolidation, 100% Financing Loans, FHA, VA, and pers/Sters Loans as well just to name a few.
Experience I have over 10 Years in the Mortgage Lending Field, working as both a Banker, and now currently owning my own Mortgage Brokerage Firm. I specialize in working with Family Law Attorneys, Estate Attorneys, and First Time Home Buyers, although I don't limit myself, and welcome any kind of client in need of financing. Because I also Interned at Merrill Lynch, I have thorough knowledge of Financial Planning and utilize that knowledge when helping someone to find the proper loan to suit their needs. I am also qualified to assist clients in credit counseling, at no charge to them at all.
Organizations Southland Regional Association of Realtors
Education/Credentials Bachelor Degree in Business Administration (emphasis on Finance)
California State Real Estate License
Awards and Honors Highest Producing Agent 2004, 2005, 2006
Question In New Hampshire. I owned a home for 5 years as sole owner and single. My name is the only name on the title and mortgage. I got married few months ago, now I need to refinance and keep everything as is, means I'm the only borrower and the title is to my name only. The lender is saying the my wife has to sign even thought she is not a co-borrower nor a co-owner.
Why she must sign?
What is her signature means?
Would her signature be required again if I want to sell?
Does her signature gives her any ownership?
Thank you for taking my question.
Answer Dan,
Different states might have different laws, but they are probably requiring a signature from your wife for Title purposes, not the loan. Sometimes, if your married, they require her signature to actually stay off the loan. with regards to title and ownership, she needs to either sign the Deed of Trust, or a Quitclaim Deed which basically means she is relinquishing or denying any ownership interest in the property. Since you are the only owner, her signature would not be required to sell the property. I hope that clears it up.
About Real Estate Home Mortgages
This topic answers questions related to purchasing a home, owning a home, home ownership, mortgage education, mortgage applications, and mortgage needs whether buying a first home or refinancing a current loan. Issues related to home ownership, home equity, mortgage education, refinacing options, home improvment finacing, first time home loans, home equity loans, vactation home loans, and mortgages for investment homes are dealt with here also. Though not the primary focus of this topic, Home Equity Lines of Credits (HELOCS), reverse mortgages, and calculating home equity may also be asked. If you do not see your home mortgae, home finacing, or home equity question answered in this area then please ask a question here
