<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"
"http://www.w3.org/TR/REC-html40/loose.dtd">
<html>
<head>
<meta http-equiv="content-type" content="text/html; charset=utf-8">
<title></title>
</head>
<body style="font-family:Arial;font-size:14px">
<p>Law Office of<br>
<strong>F.ANDREKITA SILVA</strong><br>
<strong>____________________________________________ </strong><br>
<br>
<br>
November 5, 2021<br>
<br>
Listserve,<br>
<br>
I have a client that needs to remove his ex-W from the mortgage (agreed Decree of Divorce). The Zestimate on it is $559K. He owes a first mortgage of about $100K and an equity line of credit for another $100K.<br>
<br>
His lender, Homestreet, says he doesn’t qualify without a co-signer due to income to mortgage ratio. He is retired and receives only social security benefits (about $1900.00 per month). He wants to add his young adult son as a co-signer (who lives with client and actually make a small monthly contribution).<br>
<br>
My client has been current on his mortgage obligation for several years without help from EX. I never think it’s a good idea to obligate anyone on a mortgage if not necessary. It seems to me that he has enough equity in the home that he should be able to refinance without a co-signer.<br>
<br>
Can anyone recommend a mortgage company that would work with someone such as my client?<br>
<br>
Thank you in advance.<br>
<br>
<br>
<br>
andrekita<br>
Law Office of F. Andrekita Silva<br>
1325 Fourth Avenue, Suite 2000<br>
Seattle, Washington 98101<br>
206-224-8288<br>
www.seattle-silvalaw.com<br>
</p>
<p><br></p>
</body>
</html>