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 richardmaysowen
Joined: 01 May 2009
Posts: 1
1.29 Dollars($)
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 Posted: Fri May 01, 2009 9:54 am Post subject: Community Property Requirement |
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| My wife and I would like to have the mortgage note on our homestead in my name only and use only my financials for the approval. All other documents should contain her name, but, not the mortgage note. Can we do this in Texas legally? |
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SSPINGARN
Joined: 30 Apr 2009
Posts: 81
Location: MATAWAN NJ
15.13 Dollars($)
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| Posted: Fri May 01, 2009 12:21 pm Post subject: |
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THERE IS REALLY NO REASON TO HAVE HER NAME ON ANYTHING IF YOU ARE USING ONLY YOUR INCOME SPEAK TO AN ATTORNEY
_________________
SCOTT SPINGARN
BRANCH PARTNER
RBI HOME LOANS
732-290-1888
WWW.RBILOANS.COM |
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savior70
Joined: 25 Mar 2009
Posts: 1422
Location: Florida
168.75 Dollars($)
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| Posted: Tue May 05, 2009 3:35 am Post subject: |
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Hi
You can definitely use your income to qualify for a loan under your name. If you have sufficient income and crdit score there shouldn't be any problem for you to qualify. But as it's a community property, the lender may require your wife to sign over her property-interest to you so the loan can be financed only in your name. |
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