C
cowpiefarm
Guest
Husband's mortgage, joint title, what type of will "saves" house if hubby dies?
What is the name of your state? Ohio. Hubby and I closed on our new home yesterday. Mortgage is in husband's name only due to my imperfect credit. Both our names are on title. Loan officer told us that if hubby dies, I will own the house, but not the mortgage. She said that having a will drawn up would prevent a "bad situation" from occurring should should hubby die. (since my name is not on the mortgage.) Exactly what should be put in the will to "fix" this situation should he die? We are going to have a will made, but need to know what this "thing" is that the loan officer stated we should have included in the will. Anyone know? Thank you in advance for any insight into this matter!
What is the name of your state? Ohio. Hubby and I closed on our new home yesterday. Mortgage is in husband's name only due to my imperfect credit. Both our names are on title. Loan officer told us that if hubby dies, I will own the house, but not the mortgage. She said that having a will drawn up would prevent a "bad situation" from occurring should should hubby die. (since my name is not on the mortgage.) Exactly what should be put in the will to "fix" this situation should he die? We are going to have a will made, but need to know what this "thing" is that the loan officer stated we should have included in the will. Anyone know? Thank you in advance for any insight into this matter!