Start from what you want to change, then find the refinance that fits
Adding a borrower
Straight answer
To add a borrower to a mortgage, you generally refinance into a new loan with both names. The lender reviews the new borrower's credit and income, which can help or hurt qualifying. Adding someone to the deed is a separate step from adding them to the loan.
Last reviewed against the primary sources listed below.
Think about
- Whether their credit helps or hurts.
- Whether the deed should change too.
- Closing costs of the refinance.
People also wonder
Can I add my spouse to my mortgage without refinancing?
Usually not; adding a borrower generally requires a new loan.
Is adding someone to the deed the same as the loan?
No. They are separate documents.