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My husbands mortgage has just been up and he is renewing with a different lender for a lower interest rate. This new lender is saying that I (his wife) need to sign the mortgage renewal even though I am not on the deed of the house nor was I on the previous mortgage. My husband purchased this property prior to us being married. Is this normal? We have not asked that I be a co borrower on the mortgage. They also have said they need to come to our residence to sign the mortgage documents to “verify we are occupying the residence”. I have never heard of this, is this a normal request.
012 months ago
Reena Herian - Accord Family Law (Edmonton) Society President
Yes, this is normal as you have Dower rights to the property, so the mortgage company will need your permission to re-mortgage the home. Lenders also often require confirmation that you occupy the residence, as oppose to it being a rental property, so this is normal as well.
012 months ago
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