What is the name of your state? California
I bought a townhouse in 1995 while I was single. I was married in 1998. I intend to refinance the mortgage.
If I refiance the house solely in my name would it still give the lender bank the right to look to my wife for payment in the event of a default because California is a community property state?
Does the refinanciang also give my wife an ownership right in the house she did not have before the refinancing since a new debt was created during our marriage?
I bought a townhouse in 1995 while I was single. I was married in 1998. I intend to refinance the mortgage.
If I refiance the house solely in my name would it still give the lender bank the right to look to my wife for payment in the event of a default because California is a community property state?
Does the refinanciang also give my wife an ownership right in the house she did not have before the refinancing since a new debt was created during our marriage?