How to Transfer a Mortgage to a Spouse: Legal Steps

Transferring a mortgage to a spouse involves specific legal steps and lender approvals. Review the process of mortgage assumption and the impact on credit and liability.

Financial advisor meeting with couple

How to Transfer a Mortgage to a Spouse

Published Jun,13 2017  |  By Jonathan Croswell

Transferring a mortgage to a spouse is a significant financial move. It is most commonly done during a divorce--if one spouse owns the mortgage but the other will receive ownership of the house through divorce proceedings, the mortgage must be transferred over.

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