If I transfer the house to her name and take my name off the house. Is my name still on the Loan? Can I buy another house if my name is still on the loan? – David
If I transfer the house to her name and take my name off the house. Is my name still on the Loan? Can I buy another house if my name is still on the loan? – David
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Answer:
David: Your name will still be on the loan. It will make it more difficult for you to get a mortgage to buy another house.
References:
Posted by James J. Gross on 27 Jul 2010