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Mortgage Loan Package Inquiries, (Strictly NO Promotion Allowed)
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Subcrevv90
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Apr 9 2019, 11:16 PM
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Getting Started

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Hoping to get some guidance on mortgage loan.
Situation: Loan: A + B (joint) Now B want to be removed from this loan.
What are the way to remove B from the loan? How to ensure its clean cut that this loan no longer relates to B?
Thanks
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Subcrevv90
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Apr 9 2019, 11:45 PM
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Getting Started

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QUOTE(Pac Lease @ Apr 9 2019, 11:24 PM) Firstly u need to check who is the owner of the property? If is joint name , then b wanna remove from the loan then u need to refinance the loan. So in the case is consider 3rd party charge. U need to check with the bank which is allow u to finance under 3rd party charge. Some bank only finance for first party charge. Thanks for the reply. If property owner: A +B, To remove B from the loan, A will need to refinance the loan under 3rd party charge. If property owner: A, To remove B from the loan, A will need to refinance the loan as well but under first party charge. Can A do the refinancing w/o B as B is working at oversea. Does B need to sign any papers?
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Subcrevv90
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Oct 23 2024, 08:34 AM
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Getting Started

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I have a question on joint mortgage loan.
Currently I have a joint mortgage loan, which myself and ex. If ex want to withdraw from the mortgage loan, what is the procedures? The property under my name but joint loan.
I tried to search online, I found something regarding on refinancing/transfer of equity but have little knowledge on this. I would like to find a quickest way to solve this.
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