Ask Bill your personal finance question

Spouse Not On Mortgage

What is the form that is used when you are married, but purchase a home without the spouse being on the mortgage?

What is the form that is used when you are married, but purchase a home without the spouse being on the mortgage?

Read full question
Bill's Answer
4.0
/5.0
(7 Votes)

Bills.com | Find Learn Save
Highlights

  • It is common for one spouse to be on the mortgage and title.
  • The mechanics for filing a one-spouse transaction vary by state.
  • Consult with your real estate agent for details on one-spouse transactions.

The situation you described is common -- one married person may appear on a mortgage or property title for myriad reasons. The name of what you called a form varies by state. In most states it is not even a form. The letter to the county clerk is often just called "recording instructions" or something equally non-descriptive. It is prepared by the title company or escrow company.

Consult with your real estate agent, title company, or attorney who is handling the transaction for the exact name of this document in your state.

I hope this information helps you Find. Learn & Save.

Best,

Bill

Bills.com

People also like to Read

BC

Since January 2010 a new Good Faith Estimate (GFE) has been mandated by the department of Housing and Urban Development (HUD)...

BS

Searching for a home equity loan? Learn the difference between a HELOC, second mortgage, or cash out refinance from Bills.co...

BS

Avoid second mortgage home loan scams with these tips and advice from Bills.com - your one stop resource for saving money....

BC

30-Year Mortgage Loans | If you are looking for a purchase home loan or a refinance mortgage loan, start with a 30-Year mortg...

1 Comments

1500 characters remaining
  • KC
    Apr, 2012
    Kevin
    Thanks for the information it is always nice to gain good tips around which works in future for us.
    0 Votes