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Debra
Debra, Lawyer
Category: Canada Law
Satisfied Customers: 99407
Experience:  Lawyer
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I am buying a house with my wife. I have a bad credit so she

Customer Question

Hi,
I am buying a house with my wife. I have a bad credit so she is getting the mortgage by herself.
Is there a way to add my name to the deed if I am not on the mortgage. I live in Ontario Canada and I would like to get the answer specified to my province. Thanks
Submitted: 1 year ago.
Category: Canada Law
Expert:  Debra replied 1 year ago.

There is not much likelihood in your being able to do this. It is up to the bank but the house is their security and they are not going to only want to have 1/2 of the equity as their security.

So it isn't going to be possible for you to do this unfortunately.

Let me know if you need any further clarification.

Customer: replied 1 year ago.
Is there any other legal way to protect my equity in the property or at least make the equity transfer easy if something happens to my wife?
Thanks
Expert:  Debra replied 1 year ago.

You should have a marriage contract and also your wife should have a Will.

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