If two coborrowers on a mortgage disagree on refinancing a loan do either coborrowers have any individual rights?

Happy Sunday! You are tied to each other until one is quitclaimed off the title. Is there a benefit for the refinance?

It takes everyone in legal ownership to refinance. You can't refinance without the other person permission, and they can't refinance without your permission. You can do a new loan without them on the new loan itself, but as a legal owner, they have to sign and allow the refinance.

If there are two on the deed, then it takes both to be in agreement to encumber the property.. This protects both of you.. If they are not in agreement, you can always offer to buy out there position.. and you can use refinanced funds to do it providing there's enough equity.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893