What mortgage documents does a non borrowing spouse sign?
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What mortgage documents does a non borrowing spouse sign?
In general, the spouse must sign a deed of trust, the Truth in Lending and Right to Cancel documents. By signing these documents, they are simply acknowledging the existence of the mortgage.
Do mortgage lenders check if you are married?
Lenders can’t deny you because you aren’t married. Mortgage lenders can, however, ask and verify your status. While federal law prohibits mortgage lenders from discriminating again you based on your marital status, you must disclose whether you are married and provide information about dependents and divorce.
Can my wife assume my mortgage?
A spouse can easily determine whether their loan is assumable by looking at their original promissory note. Under no uncertain terms should you apply to assume your mortgage unless you have confirmed that your current lender allows for it.
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What credit score do you need to assume a mortgage?
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