Home arrow Mortgage Forums arrow Credit Problems and Repair arrow

will putting my name on a mortgage that has fallen behind in payments have a negative impact on my credit score?

Author Message
Icon Mini Profile paakaulas96792





Joined: 22 Oct 2009

Posts: 1

1.25 Dollars($)
Post Posted: Thu Oct 22, 2009 1:18 am    Post subject: will putting my name on a mortgage that has fallen behind in
Like 0
Dislike 0

will adding my name to a mortgage as "joint tenant " have a negative impact on my credit score if the mortgage has fallen behind in payments?
Icon Mini Profile Niicss
Niicss




Joined: 03 Oct 2005

Posts: 4770
Location: New Jersey
499.28 Dollars($)
Post Posted: Thu Oct 22, 2009 2:22 am    Post subject:
Like 0
Dislike 0

You cannot add your name to the mortgage as a joint tenant. You will be able to add your name to the property deed as a joint tenant. If you add your name to the property deed, it won't have any impact on your credit report as your name is not mentioned in the mortgage docs as a co-borrower. Your credit will only get affected due to late payments when you are a co-borrower of the loan.
_________________
Good is the Enemy of Great.
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights
Bookmark this page
Share |

Helpful References
Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (265)








Community Chat

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 21.404 seconds.