Who no longer wants to be on the line for a mortgage they co-signed. The only legal way to take over a joint mortgage is to get your ex’s name off the home loan. And both of your credit scores will take a hit if your payment is late. In other words, the lender can come after both - or either - of you in the event of a default. On the hook for loan repayment until your spouse’s name or co-borrower’s name hasĪs far as lenders are concerned, both people remain “jointly and severally” liable for the loan. On who will keep the house and take over mortgage payments. Why remove your ex’s name from the mortgage? Why remove your ex’s name from the mortgage?.Refinance, which may be less of a hassle than you think. Mortgage lender, the “ties that bind” aren’t legally severed until you removeĪgrees that one person is no longer responsible for the mortgage, the lenderĭoesn’t see it that way until the official records show it.Ĭan take a name off a joint mortgage loan. You’ve agreed who will keep the house and take over Breaking up (with your mortgage) is hard to doĬo-mortgage borrower.
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