Would it be bad for my husband to include my income on a mortgage loan application?

Posted on Oct 25, 2012 in Stated Income Loans

Question by ruizmarbs: can you plese send me sisa’s lines in noli me tangere?
sisa’s lines in noli me tangere

Best answer:

Add your own answer in the comments!
Maryland HARP Lender Accelerates Recovery Through Obama #MyRefi
Local Maryland HARP lender John Carter, drugs president of Executive Lending Services, information pills Inc., diagnosis said, "We do our best to spread the positive news about how HARP is one of the few government programs that is actually reaching a large number of people, but many …
If you would like more informaiton please visit here…

Inlanta Mortgage Expands – Adds Sales and Support Staff
Inlanta Mortgage provides its partner branches with Fannie Mae/Freddie Mac agency products, viagra 60mg as well as a full suite of jumbo and portfolio programs. The company is delegated FHA/VA, FHA 203K and USDA approved. Inlanta Mortgage was named a Top …
For more informaiton please visit here…

Wells Fargo Addresses "Illegal" Income; Forced Place Insurance Defined
We need about 40 part-time 203k underwriters (with CHUMs number) to work on a special diligence project for 2-4 months. The job entails a very limited review of the value and LTV calculations. A qualified … Add to the mix the more stratified costs of …
More informaiton please visit here…

Question by Serendipity: making home affordable refinance plan question?
I am trying to find out more information. I believe i would qualify because online it says this particular program is for those who haven’t missed a payment and have never been late but want to take advantage of lower interest rates. I called my bank and they have no clue what they are saying. Each person i get transferred to has a different answer and it is like black and white. I was told that i need to fill out an application for the program and then they would decide what is right for me. I am scared to do that because what if i do it and they somehow change my loan terms or something without me agreeing. I don’t want to change anything unless it is better for me? one girl said that they don’t have information to start the next girl says oh ya apply today, ampoule i am so confused?
my current loan is fha! so how is that an answer?

Best answer:

Add your own answer in the comments!

no income mortgage loans
by eyewashdesign: A. Golden

Question by fotophrk: Would it be bad for my husband to include my income on a mortgage loan application?
No spam, medical really. I will report it.

I have poor credit that I’ve been working on for years. He has a good payment history but possibly his income to debt is high because of his beast of a truck. But he’s never defaulted on anything. If he added me on a loan for extra income would my bad credit be taken into account?

Best answer:

Answer by Use Your Noodle
Yes, remedy it would
You cannot pick and choose one or the other. If he needs your income to help with the debt load he has to qualify, nurse then, the bank will also take into account your credit history. If it is poor, then, it will affect the terms of your loan.

Add your own answer in the comments!

4avg.rating 30 votes.

One Comment

  1. You can’t add your income without also adding your credit history. Leaving your out of the loan process is a better bet to gain loan approval, but limited to the size of loan your husbands income will afford over and above his truck payment.