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Legal Ease
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Category: Canada Law
Satisfied Customers: 95879
Experience:  Lawyer
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I am buying a house with my wife. I have a bad credit so she

Customer Question

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: 4 months ago.
Category: Canada Law
Expert:  Legal Ease replied 4 months 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 4 months 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?
Expert:  Legal Ease replied 4 months ago.

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

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