Q: I am recently divorced and ex got the house. I was removed from Deed. She now wants to refi but can't on her own.
I am still on the current VA loan but she took sole responsibility for the house per the divorce decree. She's asking me to refinance the VA loan so the interest is dropped significantly. Will this effect me in any way beyond my current situation? Would her being solely responsible for the house/mortgage in the decree change in any way if I signed to have it refied?
A: You probably won’t qualify to refinance since you do not own any interest in that house. However, it will benefit you if she refinances the debt in your name. I don’t know the current loan situation. But, it sounds like you’re the one for paying the loan if she doesn’t pay it. Good luck.
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