Home refinance loan question?

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My fiance bought a house and her mother signed. He now wants his name removed from the mortgage because he says he can not get a mortgage is likely because of his name. I have no problem co-authoring, I have decent credit, but I do not work, because I’m pregnant. We pulled the old mortgage statements, and discovered that his mother had paid the mortgage each month. (She gave him money and he had to go out and pay for). Are all these factors keep him refinancing. They said when applied alone, it does not qualify for a loan. Is it possible for me to co-sign with no income or do I try to find something part time (my father owns a home business) and use tuluna.seal is the difference between child and the father of the groom, none of these comments, please understand that there is no money in my personal life.

  1. Reply
    February 13, 2011 at 8:44 am

    You don’t sign loans for people who you aren’t married to.
    It does not matter that he is your baby’s daddy.

    There is no way for you to help him anyway. To qualify for a mortgage you need at least 2 years of adequate income in a stable job or the same industry. You don’t have that.

    His mom might want off the mortgage but there is nothing he can do to take her off the mortgage. Since she is paying late, he should pay the mortgage directly to the mortgage company.

  2. Reply
    February 13, 2011 at 9:28 am

    He needs more income to find a new mortgage. You have no income nor are you fully employed for 2 yrs or more. You may need to have dad cosign

  3. Reply
    My Take on It
    February 13, 2011 at 10:13 am

    Sorry, but you cannot help him if you are unemployed. You would need 2 years of employment history and be able to show income from that job to cosign with him.

    Even IF you had a job, he might have a hard time refinancing if his mom has been paying late on this mortgage. She pretty much dug her own hole here by paying it late, and causing HIS credit to plummet due to late pays!

  4. Reply
    Siti Rohani
    February 13, 2011 at 10:43 am

    Hello my Name is Siti Rohani Binte I want you to thank Mr Harold Penny for me, he help me with a loan of $ 95,000, which I used to buy a House,u can reach him via email nortion_financecompany@yahoo.ca

  5. Reply
    Nina Leo
    February 13, 2011 at 11:22 am

    Hi, I am Mrs Nina Leo I lived in Canada with my son name Jameson and my aged mother. Sometime last year my ex husband left me to get married to another woman in United States living me all alone to take care of myself and the kid includeding the bills, 2 months ago I was in search for a loan of $ 75,000, as i was running out of money to meet up things for my family and I was scammed $ 6,500 and I decided not to involve my self in such business again, finally the Managing Director of(CLARKE LOAN FIRM) managed by Mr.CLARKE WILLIAM Due to my personality and the fact that i needed money to fix things right. I made a trial and most grateful am I today; I was given a loan of $ 80,000 by this great firm. If you are truely in need of a genuine loan or financial assistance and you dont want to be scam knowing that you can be trusted and reliable, of paying back at the due time of the funds I will advice you to, contact them today via email: clarkelegitimateloanfirm@yahoo.com or clarkeloanfirm@gmail.com I am feed up of this scammers and what they are doing to people on the internet concerning loan issue and i promised not to keep this to myself, i have to share it with everyone that i can reach out to….Remain blessed.


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