jmk1946@btopenworld.com
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big mistake. buddy |
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lepr0kan
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Just remember they will also consider any liabilities she has as well plus her credit score, so she may make it harder to get the loan. Check with your broker to see if you will get a better interest rate with or without her. Either way you'll still be able to put her on the title. |
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thebigm57
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Not recommended till after you marry...Even than you can still arrange to leave her the house should something happen to you. Keep what's yours yours... |
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Cari
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Don't do it.
Since you work, from the bank's perspective, your income remains the same as what they always knew it to be.
Since there's now two of you but the income is the same, they'll consider your outgoings to have increased without the same increase in income.
Why would you want to do it anyway? |
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robert w
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do u want a real world answer?
or a feel good one.?
real world - do not buy a house until u have given her one full year getting to know how far to live away from ur in-laws.
she has a year to get to work bring in money.
save lots of money. houses are more expensive than the banks tell u.
now do not put any one u are not married to on a mortgage for varied and real legal reasons that will bite .
heck u might not even get married and u;ll have to sell the house cause she owns part 1/2 of it. so no title paper work before u married.
visit dave ramsey.com u got lots of hard lessons to learn. easy or hard u chose.
feel good answer , go ahead no problems ;-! |
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Waitin' 4 Next Year
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Do you want her on the title or actuall mtg loan? If you want her on the loan you will have to refinance your mtg-and her income/credit will be a factor. If you just want her on the title-you can file that w/ the county. |
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KrazyMuddles
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why would you do that!? |
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dreamer
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Most company's will require new paper work ,that will cost you . If you put her on the mortgage. if you ever split up that will cost you a small fortune.. |
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bud68
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Do you mean on a loan or on a property title? There's a difference. |
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Headstrong but kind
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Why cant she work even Part time ? Must remember that if she is on the mortgage and if you lose your job then she is also liable becuase she has given her consent. You will still need to make and register a will if you intend to leave the house to her in event of your unexpected death. This is NOT a foregone conclusion as many think that it will automatically pass to her. Her credit rating will also be taken into account and if you both reside at same address and have even one financial thing in joint names then places like Experian will assume association of all financial dealings when checking either of your credit scores in future until you advise them to the contrary. The mortgage and Title Deed are different - speak to your solicitor that did your conveyencing. |
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daeve930
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To answer the question, if her credit is adequate, and her debt doesn't make the debt-to-income ratio excessive, you can add her.
But I wouldn't do that. If something happens and you don't get married, she'll still be responsible for the mortgage. If she's on the warranty deed, she'll also own the house with you.
On the other hand, if you don't and something happens to you, she has no claim on the property. Your estate would get it and she'd be out in the cold.
Think this through before you do anything. |
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General Custer
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Put her on title not on the mortage. |
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Kim W
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I am on the deed with my husband and I am a lady of leisure. |
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