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While it's possible to get approved for a mortgage as a sole applicant if you're married, many lenders prefer both applicants to be named on the deeds - especially if you're both going to be living in the property.

Names cannot be added or deleted from a loan. Name changes or corrections are acceptable on loan accounts if due to misspelling, incorrect setup of the account, or certain legal conditions. Borrowers may fax or mail documentation to request a Name Change or Correction on a Loan Account.

Can I remove my name from a mortgage? To remove your name from a mortgage, you and your co-borrower can ask the lender for an assumption or modification that would remove your name from the loan. If the lender won't change the existing loan, your co-borrower will need to refinance the home into a new mortgage.

An assumable mortgage will let a borrower transfer the mortgage to someone else even if they haven't fully paid it off. As long as your situation fits one of the exceptions mentioned in the due-on-sale clause, another person can take over and assume responsibility for the loan.

Call your mortgage company and let the representative know that you'll be using a deed to change the title into your new name. Request any relevant information from the mortgage company. This is important to do as soon as possible ? and it's best done before you change your name. Do you have title insurance?

Except as provided in paragraph (b)(2) of this section, each transferor servicer and transferee servicer of any mortgage loan shall provide to the borrower a notice of transfer for any assignment, sale, or transfer of the servicing of the mortgage loan.

Key Takeaways. The commitment letter will outline payment terms, but there will also be other disclosure forms. Terms can change before closing under certain circumstances. Lenders cannot control all closing costs.

Transfer Your Mortgage. You can transfer your mortgage to the buyer. However, for this to work, your buyer must agree to this agreement. This is ideal since the new owner won't have to take out a mortgage, which often has a higher rate.