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Can a married man put on his mortage that he is a single man

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Icon Mini Profile suntropical729



Joined: 03 Nov 2006

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PostPosted: Fri Nov 03, 2006 9:45 am    Post subject: Can a married man put on his mortage that he is a single man

Can a married man put on his mortage that he is a single man?
 
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Adrienne

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PostPosted: Fri Nov 03, 2006 10:34 am    Post subject:

Hi,

Not disclosing the fact that you are married is not necessary at the time you apply for a mortgage as even if you are married you can get a mortgage on your own and your married status will not have any affect on it.
 
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SFarnham

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PostPosted: Fri Nov 03, 2006 11:02 am    Post subject:

Also while filling the mortgage application you need to specify the martial status, whether married, single or separated.

So if you fill the form as single while actually a married person then it will be a false statement.
 
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Icon Mini Profile mcole
mcole
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Joined: 11 Oct 2006

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PostPosted: Sat Nov 04, 2006 5:54 am    Post subject:

And if you happen to live in a community property state, even if you do the loan and title in your name only, the lender will most likely require that your wife sign a quitclaim deed.

Cool

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Loans: Investors, Residential, Commercial – All States
 
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Icon Mini Profile sara
sara


Joined: 05 Jul 2006

Posts: 1206
Location: New Brunswick, New Jersey


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PostPosted: Sun Nov 05, 2006 9:42 am    Post subject: RE:

Hi Guest,

Not revealing the true information may lead you into trouble in future. The lender would like to know about your ownership rights on the property as he will be having interest in the property. So, I personally feel it's better to provide the exact information.

Thanks,

Sara.
 
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