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llcoolk127 · Joined: 02 Sep 2010 Posts: 1 1.34 Dollars($)

My husband has excellent credit and I do not. Can he apply for a mortgage (for a house for 210K) with me being a co-borrower. We file our income taxes jointly, does that make a difference? If I am on the loan our interest rate will be much higher and obviously we are trying to avoid that.

jameshogg · Posted: Thu Sep 02, 2010 8:24 pm Post subject:

Hi llcoolk,

If the interest rate will be higher if you add your name to the loan, then it will be better if you don't co-sign for it. Your husband should take out the loan in his name alone. This will help him get a better interest rate and thus, your payments would be affordable.

Thanks

Posted: Thu Sep 02, 2010 8:31 pm Post subject:

thank you jhogg, but more specifically IT IS POSSIBLE, for him to do it alone right? I just wasn't sure if was, for lack of a better word, "allowed", when were married and filing our taxes jointly. I didn't know if we "had to" apply together.

jameshogg · Posted: Thu Sep 02, 2010 11:18 pm Post subject:

Hi Guest,

It is possible for your husband to get a mortgage alone. It is not mandatory for you to co-sign for the loan.

Thanks

Guest

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Can my husband apply for a mortgage without me being a co-borrower?