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Can i take my name off the loan and put my boyfriend's name on it?

Kevin Sutter

in Student Loans

1 answer

1 answer

Alexa Spicer on March 5, 2018

Assuming you already have a loan in your name, and assuming this loan was approved in the last 20 years or so, not. You may not change a loan from one person to another. The only way to change a loan is to get a new loan. Remember that the bank needs to make sure your boyfriend is credit and income worthy of the loan, as they did with you. Assumable mortgages have not been around for a long time. Today, loans are unassumable, meaning that each time a loan is received, it must go through the approval process with the bank.. If I've misunderstood, and you really can ask for writing have the names changed, for sure. That is just a deed of renunciation. However, it does not matter what the scripture says as far as ownership is concerned, the loan will be in your name until a new loan is received.

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