Posted on: 09th May, 2010 06:46 pm
My credit score is ok, however my wifes is terrible still(She built up a huge debt due to medical reasons), however her income is greater than mine, almost double. My wife and I were just curious if this is possible to do this so we do not have to include her credit score or if this is even legal. We are relocating to Florida. Thanks!
Welcome glangston,
It is possible for you to not include your wife's name on the mortgage docs. You can apply for the mortgage alone and thus the lender would consider your income and credit score while giving you the loan.
It is possible for you to not include your wife's name on the mortgage docs. You can apply for the mortgage alone and thus the lender would consider your income and credit score while giving you the loan.
Can I include my wifes income as additional income without using her credit score?
If your wife cosigns for the loan, then her income can be considered by the lender while approving your loan.
