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You can add someone to your mortgage in a process called equity transfer. It can be a spouse, partner, family member, or close friend. Either way, you'll want to ask your lender to add them to your existing mortgage.

The only way to change the names listed on a mortgage is to refinance in the new borrowers' names. If you divorce, for example, you'll need to meet the qualifications to refinance the house in your name alone. If you want to add someone to your mortgage, you'll both need to jointly qualify to refinance the mortgage.

Adding a co-borrower requires refinancing. If you want to add a co-borrower to your mortgage loan, it's not as easy as calling your mortgage company and asking. You can't add a co-borrower without refinancing your mortgage. It allows you to change the terms of your home loan and add or remove names from mortgages.

Contact your lender. Instead, they will likely make you refinance your home, in effect taking out an entirely new mortgage. Adding a person to your mortgage without refinancing can only work if the mortgage is assumable. Federal Housing Administration (FHA) loans tend to be assumable, but other types may not be.

Not all lenders allow you to add someone to the car's title while you still owe on it. Therefore, check with your lender if you want to do this. If you decide to refinance, you can add someone's name to the loan, which also allows their name to be on the car's title.

The only way to change the names listed on a mortgage is to refinance in the new borrowers' names. If you divorce, for example, you'll need to meet the qualifications to refinance the house in your name alone. If you want to add someone to your mortgage, you'll both need to jointly qualify to refinance the mortgage.

A mortgage (or deed of trust). Most people who take out a loan to buy a home sign two primary documents: a mortgage (or deed of trust) and a promissory note. By signing a promissory note, you promise to repay the borrowed amount, usually with monthly payments.

Per Iowa Code Section 524.904(2), a state bank may grant loans and extensions of credit to one borrower in an amount not to exceed 15 percent of aggregate capital unless additional provisions described in Subsection 3 apply.

We know this will not be easy for you, but you can do it. Your mortgage loan will most likely need to be fully refinanced. Adding a new person to your mortgage loan changes the loan's terms. You won't be able to change these terms unless a lender creates a new loan for you through a mortgage refinance.