Quote:
Originally Posted by dadtotheend
Folks here commonly differentiate b/w who is on title and who is on the mortgage. I have yet to see a bank give a mortgage to a person who is not on title, otherwise they have no recourse. Conversely I have yet to see a person who is on title not be named on the mortgage. In my experience they go hand in hand.
Please correct me if I'm wrong, but I think there are a lot of misconceptions out there as to the mortgage and the title being mutually exclusive.
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I am listed on the title of our home, not listed on the mortgage. It changes nothing either way whether I'm listed on one or the other or both or none as we are legally married. We made sure my name was on the title because when we bought the house we were common law and we both wanted to make sure my name was on it so the kids and I were protected should we decide to split.