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 Mortgage Loan Package Inquiries, (Strictly NO Promotion Allowed)

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Subcrevv90
post Apr 9 2019, 11:16 PM

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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




Subcrevv90
post Apr 9 2019, 11:45 PM

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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?
Subcrevv90
post Oct 23 2024, 08:34 AM

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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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