Can I remove partner from mortgage?
Once the lender approves your refinance, you should also get your spouse's name off the deed. You usually do this by filing a quitclaim deed, in which your ex-spouse gives up all rights to the property. This publicly removes the former partner's name from the property deed and the mortgage.
What rights do I have if I split up with my partner?
If a cohabiting couple splits up, they do not have the same legal rights to property as a married couple. In general, unmarried couples can't claim ownership of each other's property in the event of a breakup. Gifts made during the relationship remain the property of the recipient.
Can someone 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 I transfer a joint mortgage to one person?
The process of moving from a joint mortgage to a sole name mortgage is commonly known as a 'transfer of equity'. “If partners agree and the lender is agreeable there is a process called transfer of equity in which one of the partner's rights and obligations as owners and mortgagors is transferred to the other.