Can I remove my husband from the mortgage?

Can I remove my husband from the mortgage?

Yes, you can remove your partner from your home loan. However, you’ll need to be able to qualify for the mortgage on your own. If you qualify then: You can refinance and extend your mortgage to 95% of the property value.

Can you get a mortgage while getting divorced?

Another way to split the mortgage between a divorcing couple is to refinance the mortgage under the name of one spouse. Since divorces are costly enough as it is, it may not be in your best interest to spend even more money on refinancing. So, make sure you have the money to refinance if you plan to do so.

Can I get a mortgage with just alimony?

Alimony can boost your total income and can even result in a larger mortgage. You can list both your child support payments and your alimony payments as streams of income when you apply for a mortgage as long as you have a documented history that your spouse makes his or her payments on time.

Is alimony included in debt to income ratio?

Alimony payments are also included in your debt-to-income ratio but they are treated differently. Lenders have the option to either subtract the alimony payment from your monthly gross income or include the payment as debt to calculate your debt-to-income ratio.