@Marley
My ex kept me on the title for almost 7 years because he was too lazy to take me off. Surprisingly, he was able to declare bankruptcy, and refi the mortgage several times. It was only the last time of refinancing that they required my name be removed.
Good thing I’m not an asshole, I could have made his life hell.
@Marley
This isn’t true. See my comment above.
If the loan is held by Fannie Mae (you would ask your mortgage company) they have a process to allow a spouse to be removed from the loan as long as the remaining borrower qualifies in having the loan by themself. I know this because I am helping two members of the credit union I work for with this.
@Devlin
It all depends if the spouse is getting half the equity/ if its a cash out refi
To those whom have assumed mortgages, what did your lender charge you to remove spouse/other borrower?
Tilden said:
To those whom have assumed mortgages, what did your lender charge you to remove spouse/other borrower?
I didn’t pay anything out of pocket it was a complete pain in the ass tho. You’ll also have to pay your spouse the equity they’re entitled to so they sign off on the quit claim deed.
Who owns the mortgage? Is it FannieMae? Google it, they have a website that you can check. If yes, they allow assumptions in the case of a divorce. The owner of the mortgage and the servicer (the one you send the monthly payments) is not the same thing, although sometimes it can be.
Edit:
Here is the Fannie Mae lookup tool:
It will tell you if your loan is owned by Fannie Mae
@Ira
Thank you!! So if it shows up here, then it’s a Fannie-Mae loan, correct?
Chen said:
@Ira
Thank you!! So if it shows up here, then it’s a Fannie-Mae loan, correct?
If it is, also see: Allowable Exemptions Due to the Type of Transfer | Fannie Mae
Chen said:
@Ira
Thank you!! So if it shows up here, then it’s a Fannie-Mae loan, correct?
If not, do the same search for Freddie Mac
Depends on the lender, Bank of America definitely lets you assume the loan in a divorce as I know from personal experience.
Not in my experience. I had to go from a 2.65 to a 5.99. 
I switched from a 15 yr to a 30yr to keep monthly payments down now that I mom on one income. My monthly is now $100 less, but it kills me knowing what I had. Why couldn’t my ex have fucked someone else during low interest rates?!
@Rey
Ugh, I’m so sorry. Luckily the issue is just that we’re different people and no cheating is involved, but yeah, stomaching the interest rate on top of that is even worse.