Can you put your name on the deed but not the mortgage?

Can you put your name on the deed but 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.

What does it mean when your name is on the deed?

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The person whose name is on the deed has the title to the property. It's the deed that transfers title. On the deed, you'll find the property's legal description, including property or boundary lines. The deed identifies the grantor, or party transferring his interest in the property, and the grantee, who accepts it.

Should both spouses be on the deed?

If you and your spouse or registered domestic partner take title to a house together—that is, both of your names are on the deed—you both own it. If the property is valuable but has no title document, such as a computer, then the person whose income or property is used to pay for it owns it.

Can you remove someones name from a deed?

The answer to your question is yes. You can take your name off a property deed and put someone else's name on it. Once their name is on the property deed, that person technically owns the property. Thus, he/she can use it when applying for a secured loan.