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How do you add your name to another person's mortgage contract?
You can't just add someone to a mortgage by filling out a form or anything, you have to refinance and have them added during that process.
How can one refinance a mortgage for no cost?
There are always costs involved when one decides to refinance a mortgage although marketing schemes may disguised refinancing as "no out-of-pocket cost refinancing." The most frequently used "no-cost" refinancing is simply to add all the cost to the existing mortgage loan balance and increasing the amount of mortgage to cover for everything.
What is the use of no closing cost mortgage refinancing?
The purpose of no closing cost mortgage refinancing is to move or add any closing costs associated with a home mortgage refinance to the tail end of the loan that is be refinanced. No money is needed at the time of the refinance, but will be paid back, with interest, during the duration of the mortgage loan.
How can I add land to my existing mortgage?
To add land to your existing mortgage, you can typically apply for a loan known as a land loan or a lot loan. This loan allows you to finance the purchase of additional land and add it to your existing mortgage. You will need to meet the lender's requirements for creditworthiness and the value of the land being added.
How do you add someone to your mortgage loan?
You can not add someone to the loan without refinancing the whole loan and the other person then applies with you. If the other person is looking for credit -- there is a way for them to show that they are paying on the loan. That person will send in his/her checks to the lender. That person must keep all the bank statements or copies of the checks to verify that they have been paying it. After a year, if they are applying with you on the mortgage, or they are applying for anything else, they can include a letter of explanation and copies of the checks, so the new lender can in fact see that they have been paying on the mortgage and have been paying on time.
