Release of liability – You can ask your lender for a release of liability. This is a document that releases a borrower from their obligation to pay back the loan.

Release of liability – You can ask your lender for a release of liability. This is a document that releases a borrower from their obligation to pay back the loan. The spouse remaining on the mortgage needs to qualify for the new loan using only their income and assets.

Here’s how to request the transfer of an FHA or VA case number from Mr. Cooper: Download and complete the Case Transfer Request Form. Obtain a signed letter from the borrower requesting the transfer.

There are 2 ways to remove a spouse’s name from the mortgage: Release of liability – You can ask your lender for a release of liability. Explains how to notify Mr. Cooper of a divorce or legal separation where property is awarded.

Payoffs must be made via certified funds—wire transfer, money order, or cashier’s check. Please do not send personal checks, certified personal checks, or cash. Your payoff quote statement will include all of the information you need about our receiving bank for wires. Note: We sug...

Release of liability – You can ask your lender for a release of liability. This is a document that releases a borrower from their obligation to pay back the loan.

Until 6/30/2023, it was based on the London Interbank Offered Rate (LIBOR) index. SOFR is often considered a more robust and transparent rate than LIBOR, which was based on interbank lending practices. Your ARM change notice will reflect the latest rate information available.

There are 2 ways to remove a spouse’s name from the mortgage: Release of liability – You can ask your lender for a release of liability. This is a document that releases a borrower from their obligation to pay back the loan.

During the meeting, you’ll sign all the mortgage closing documents related to the home sale, including the mortgage note and home deed. These documents officially transfer ownership of the home to you. With so many documents to sign, closing day can be a stressful time.

There are 2 ways to remove a spouse’s name from the mortgage: Release of liability – You can ask your lender for a release of liability. This is a document that releases a borrower from their obligation to pay back the loan.