Asked by Traci Miller Babetski, Austin, TX • Thu Feb 6, 2014
My husband is going on our mortgage. Since I don't work (stay at home mom) and have a lot of unsecured debt from a previous marriage I am not going on the mortgage. He has a good credit score, a good income, but we only have a joint checking since I don't work and all the debts I pay out of our joint finances are right there. We are around 38% DI with just his debts but adding my puts it up to like 46%. I'm worried they will see all these monthly payments and deny the loan. I know we can make the mortgage payment and I am returning to work once I find a job (toddler is ready for preschool) but I'm just afraid these aren't factors that will improve their confidence if they don't like what they see coming out of our checking. No one advised us to separate our checking accounts.
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