Can I buy a house before I get divorced?

Can I buy a house before I get divorced?

Can you buy the house while the divorce is pending, or must you absolutely wait until the divorce is finalized? You can purchase the house before you receive the divorce decree. However, if done improperly, you could make some serious mistakes that could impact your finances and affect ownership of the home.

Do mortgage companies check public records?

All lenders do a national public records search and even though public records are not posted on credit reports, they will find out about it through the public records data base.

Can I add my girlfriend to my mortgage?

Fortunately, one person can take the title as sole owner and later add the other partner’s name to the deed. Officially adding the other partner’s name to the deed might allow your mortgage lender to call in the loan, and in some areas, you may have to pay transfer taxes and fees to add a name to the deed.

Can you add someone to a deed without refinancing?

Adding a co-borrower to a mortgage loan isn’t as simple as calling your mortgage company and making a request, and you can’t add a co-borrower without refinancing the mortgage. With a refinance, you can add someone’s name to the mortgage, as well as take someone’s name off the mortgage.

Can you be on the title and not the mortgage?

It is possible to be named on the title deed of a home without being on the mortgage. However, doing so assumes risks of ownership because the title is not free and clear of liens and possible other encumbrances. If a mortgage exists, it’s best to work with the lender to make sure everyone on the title is protected.

Can you add someone to a deed if there is a mortgage?

The law doesn’t forbid adding people to a deed on a home with an outstanding mortgage. Mortgage lenders are familiar and frequently work with deed changes and transfers. When you “deed” your home to someone, you’ve effectively transferred part ownership, which could activate the “due-on-sale” clause.