Posted by Charles Clark on January 10, 2003 at 21:57:26:
Hi Corby,
I would definitely leave her off. It is your job (and your mortgage broker’s job) to structure the loan so that you get the best rate, and just using your credit scores and your income is all you need. If you want to have her name on the title of the property, there is something called “Quick Claim Deed” that you can use to deed her to 1/2 of the property,
Charles CLark
myself or spouse on loan application - Posted by corby
Posted by corby on January 10, 2003 at 20:42:47:
I am the only income producer in our household, when applying for investment property if i leave wife off of application will her debt load show up on my credit simply because of marriage? She has several credit cards in her maiden name before we married before she changed last name.I figure i can lower my dti ratio this way.Any advice greatly appreciated. thank you.