How to Remove an Ex From the Mortgage

After a break-up or divorce, the only way you can remove a name from a mortgage is by selling the home or refinancing. If you want to keep the home, you'll need to refinance the loan solely in your name. Even with a divorce decree stating you get the home, you'll still need to go through the refinance process -- and divorcing a mortgage isn't always easy, since the bank isn't required to approve your application. The lender's decision is based on only your credit and finances, so your ex won't need to complete any paperwork. However, you will need his cooperation and consent to remove him from the deed.

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Step 1

Check your credit report. The interest rate you receive is based on your credit score. If you have poor credit, refinancing may not be an option. Also consider your debt-to-income ratio. Since you're removing your ex-spouse, you'll need to prove your income is sufficient enough to pay the mortgage and your other debts. Finally, compare the value of your home to the remaining loan balance to determine your equity. You'll generally need at least 20 percent equity in the home to refinance.


Dispute any errors or discrepancies with

each credit bureau. If the information that appears on your report can't be verified by the creditor or collection agency, it must be deleted.

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