First of all, let me say that I'm so sorry to learn of your situation, and, having been there myself, I can totally relate to what you're going through. That being said, I commend you on your proactive approach to handling the marital finances sooner rather than later. You will be so glad you did!
When you separate after being married you will need what is called a â€œFree Trader Agreementâ€ signed by your spouse in order to buy a home without having to put her on the deed. This should be done first before looking for a home. This will also apply to refinancing your existing home in your name only, which is similar to buying your home from yourself and your spouse as joint owners.
Also, you will need a recorded separation agreement that states what you are obligated to pay in alimony, child support, separate maintenance, etc, if anything, because the underwriters will ask for this...so all these details must be ironed out prior to being pre-qualified by a mortgage professional for a new home and mortgage or a refinance of your existing home.
Your spouse's credit score is still very good at 700. You will not be affected by her score if you buy a car and put the car in your name only. Make sure you buy a house or refinance first before buying a car because you can qualify for much more without a recent car loan on your credit report.
Should you have any additional questions about this, or any other real estate or financing-related matter, please do not hesitate to contact us! We're here seven days a week to assist you.