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Updated 6 days ago on . Most recent reply

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Candice Packard
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7
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Assuming mortgage loan after a divorce on awarded property

Candice Packard
Posted

Hello,

In my divorce, I was awarded one of my martial properties. We have to assume the loans for the homes we each were awarded and remove the other spouse or refinance the loan. I do not want to refinance because of the high interest rates. If anyone has any experience with this, how can I remove my ex husband from this mortgage loan and still keep the loan terms the same by not refinancing it? I can afford the mortgage and have been paying the mortgage on my own since we bought the property. This imhomevwas purchased using my VA home loan for veterans. Also, I'm in Texas.

Thanks.

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Bruce Woodruff
#3 All Forums Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
13,803
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11,821
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Bruce Woodruff
#3 All Forums Contributor
  • Contractor/Investor/Consultant
  • West Valley Phoenix
Replied

I know...horrible company that bought the loan!

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