What is the name of your state? Ohio
We have no equity in our house, moved in last year then my wife decided to end the marriage. I would like to keep the house so our son has a stable home for his last three years of school. I can afford the current house payment since we did an interest only loan, my wife cannot. I am being told that if I want to keep the house I will need to refinance to get my wife off the note. Is there any other way that this can be done without refinancing?
Any advice would be appreciated
We have no equity in our house, moved in last year then my wife decided to end the marriage. I would like to keep the house so our son has a stable home for his last three years of school. I can afford the current house payment since we did an interest only loan, my wife cannot. I am being told that if I want to keep the house I will need to refinance to get my wife off the note. Is there any other way that this can be done without refinancing?
Any advice would be appreciated