Category: Qualifying
Do I Include My Spouse On My Mortgage Loan?
A reader asks:
Q: Our mortgage is in my name only because my wife has bad credit and any re-finance would also be in my name only. Can I use her Social Security income in my annual income amount?
A: No, you cannot include your wife’s income if she is not on the loan. But if you do include your wife on the loan, there is no reason her Social Security income cannot be included if it can be verified.
Posts
How can my husband add my name to our mortgage.
Carmen,
If you want to be added to the title of your home so that the ownership is in both names, you can simply call a title company in your area (look in the phone book) and they will tell you want you need to do.
If you want to be added to the mortgage loan so you have that credit reference on your credit file, you will need to talk with the lender to find out what needs to be done. But you typically do not have to be added to the mortgage loan in order to hold title jointly with your spouse.
Gerri