my fiance and i are buying a home, he just sold his, i have not been on a mortgage in 6 years. this is my

Asked by Tammy, Michigan Tue May 12, 2009

question, my income is very low, do i have to apply for the mortgage since it will be his income that is paying the mortgage? can i be on the mortgage without applying?
i am on the purchase agreement. thanks

Help the community by answering this question:

+ web reference
Web reference:


Bob McClure, Other Pro, Walled Lake, MI
Thu May 14, 2009
good evening do not have to be on the cannot be on the mortgage loan without really doesn't matter if you are on the loan or not.....if your husband's credit and credentials are strong enough to carry the deal, and you prefer not to be on the loan, then don't apply with will need to attend the cloisng and sign the mortgage (not the note) the truth-in-lending disclosure and the hud-1 closing statement, because you are married and buying in michigan......marital status must be acknowledged on all real estate documents.....i hope that helps....bob mcclure- success mortgage partners, plymouth, michigan.......
0 votes
Luke Allison, , Asheville, NC
Tue May 12, 2009
Absolutely. You do not need to be on the mortgage even though you are on the contract. However, as long as your credit would not jeopardize the loan approval, you don't hurt the loan by being on it and you will help improve your overall credit.

But, if he wants to obtain the financing on his own to help make the process easier, you should not have a problem.

Luke Allison
Bank of America Home Loans
0 votes
Search Advice
Ask our community a question

Email me when…

Learn more