We have a mortgage & note in 1 persons name from 2009. Customer is asking if we can add his soon to be wife to the mortgage and note without refinancing the loan. Is this possible?

You can add anyone you want to the title but she can't be held responsible for the debt without being on the note. In my state she doesn't need to be on the documents to have ownership once they get married.

Fenwick, no, I do see how what you're asking would be possible.

The bank would not want to add another borrower without qualifying that person's ability to pay. Rates being what they are, it could be to the (almost) husband's benefit to just refinance and add his (almost) wife on as a co-borrower.

As Rules stated, actual title to the property may be affected by their marriage depending on a number of contributing factors including the state they live in and whether or not a pre-nup is executed.

So the question becomes, does he want her to share in the property or share in the debt?

Thanks. We checked with an attorney & our local courthouse and they both told us that we can not legally add someone to the note and mortgage. They can be added to the deed.

Check out this Guru page and the linked forum discussion - same subject. FYI
http://www.bankersonline.com/lending/guru2011/gurus_ldng022811f.html