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Can a 17-year-old married woman enter into a mortgage agreement?

Can a 17-year-old married woman enter into a mortgage agreement?

Q: Can a 17 year old be on a mortgage?

Yes, a 17-year-old can be on a mortgage if they are married to an adult. In New Jersey, for instance, a minor who is married can enter into a mortgage agreement alongside their adult spouse. This means that the mortgage is valid, and the minor will be responsible for the obligations tied to it.

Q: Can a mortgage be in one spouse's name?

Yes, a mortgage can be in one spouse's name. It is common for one spouse to take out a mortgage independently. However, both spouses may still have rights to the property, depending on state laws and how the title is held. It's important to understand how this affects ownership and financial responsibilities.

Q: Can you remove a spouse from a deed without refinancing?

Yes, you can remove a spouse from a deed without refinancing by using a quitclaim deed. This document allows the spouse to transfer their ownership rights to the other spouse. However, if there is a mortgage, the lender's approval may be necessary, as the mortgage obligation remains with the original borrowers.

Full question:

I am 17 and my husband is 25 years old. We wish to mortgage the property that is my husband’s name and me. What I wanna know is-can a 17-year-old married girl enter into a mortgage agreement?

Category: Minors
Date: 04/07/2025
State: New Jersey

Answer:

Yes, a 17-year-old can enter into a mortgage agreement with their adult spouse. In New Jersey, if you are married to an adult, you can both execute and acknowledge a mortgage or deed of conveyance. According to N.J. Stat. § 37:2-30, any mortgage signed by an adult married person along with their minor spouse (who is at least 17 years old) is valid. This means that even though you are a minor, the mortgage will be effective as if you were of legal age, and you will be liable for any obligations related to the mortgage.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

How to remove husband's name from house title?

To remove your husband's name from the house title, you typically need to execute a quitclaim deed. This legal document transfers ownership rights from one party to another. Both you and your husband must sign the deed, and it should be filed with your local county recorder's office. It's advisable to consult with a real estate attorney to ensure the process is handled correctly and to discuss any implications this may have on your mortgage or property rights.

How to take husband's name off house?

To take your husband's name off the house, you can use a quitclaim deed. This document allows him to relinquish his ownership rights. Both parties must sign the deed, and it must be recorded with the local county office. If there's a mortgage involved, consider discussing the implications with a lawyer, as removing a name may affect loan obligations.

Can a 17 year old be on a mortgage?

Can a mortgage be in one spouse's name?

Can you remove a spouse from a deed without refinancing?

What are my rights if my name is not on the mortgage?

If your name is not on the mortgage, you may still have rights to the property, especially if you are married and reside there. In many states, spouses have rights to the property acquired during the marriage, regardless of whose name is on the mortgage. However, your ability to enforce these rights can vary, so consulting a legal professional is advisable.