Can my husband take out a home equity loan without my name?

My husband and I are interested in taking out a home equity loan for home improvments and debt con.. Both of our names are on the current 1st. mortgage, but we would like to have the equity loan in just his name, we believe that adding my name will only hurt our chances of getting the loan. I am unemployed, in college, and have a lot of student loan debt (that is still in deferment) what shoul we do!

In order to take a home loan, all owners must sign. When you got your first mtge, were you still in school, and unemployed? Payback will come from the household income, not just your husband's salary. Banks will look at investments, and any other source of income. You should not be a drag on the loan, and no one will know whether or not you have any student loans since they are in deferment.

Since you are not currently employed, there's no reason to put you on the mortgage application anyway. Your debt would raise the ratios and you have no income to compensate. Also, you do not have to be a borrower to stay on title. However, if you live in a community property state, you will still need to sign the note proving that you knew about and was agreeing to the 2nd lien on the property.

Hello Dear

I am Brown Wilson. A certified, reputable, legitimate & an accredited private lender.

I loan money out to individuals in need of financial assistance.

Do you have a bad credit or you are in need of money to pay bills?

I want to use this medium to inform you that i render reliable beneficiary assistance as I'll be glad to offer you a loan.

Services Rendered include:

*Refinance

*Home Improvement

*Inventor Loans

*Auto Loans

*Debt Consolidation

*Line of Credit

*Second Mortgage

*Business Loans

*Personal Loans

*International Loans

Please write back If Interested.

Upon your response you'll be provided the loan application to fill.

No social security and no credit check required, 100% Guaranteed.

I Look forward permitting me be of beneficiary service to you.

I shall await your response at your earliest convenience.

Sincerely,

Mr.Brow Wilson (MD)

contact me on my Email brownwilsonloan4@live.com