Posted on: 16th Feb, 2011 04:26 am
Can I include fiancee's income on application for a mortgage if she will be on the title but not the loan itself?
No.
If she is on title and you want to use her income, she must be on the loan also. She is then a co-borrower.
Some lenders may be able to use her income as a co-signer. In that case, she is not on title, but, is on the loan.
No matter how you look at it, if you want to use her income, she must be on the loan.
If she is on title and you want to use her income, she must be on the loan also. She is then a co-borrower.
Some lenders may be able to use her income as a co-signer. In that case, she is not on title, but, is on the loan.
No matter how you look at it, if you want to use her income, she must be on the loan.