- 1). Negotiate future ownership of the home. Talk with your spouse and decide who'll keep the property. The person who chooses to remain in the home must maintain a good credit score and have sufficient income to afford the mortgage loan on his own.
- 2). Talk to your lender about a mortgage refinance. Removing someone's name from a joint mortgage entails refinancing the home loan with your present mortgage lender or a new lender. The individual keeping the property will have to complete a mortgage application and provide income and employment documentation.
- 3). Show your divorce decree at closing. If approved for a mortgage refinance, bring a copy of your divorce decree to closing to release your ex-spouse from all liability. Lenders will remove your ex's name from the mortgage once they have the document in hand.
- 4). Complete a quitclaim deed. The spouse giving up her rights to the property must sign a quitclaim deed, which basically transfers full ownership to her ex.
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