Can I be on the deed to a house my wife is buying for us?

Question

i have bad credit, and just became unemployed, also. my wife is financing the house we are going to buy. but i would like to be involved in some way....can i be on the deed? or something? so its BOTH of our house and responsibility?

Answer 1

Good question.

It is very common to have a spouse on the deed who is not on the mortgage. Many times if one spouse's credit is much worse than the others, I will recommend this type of arraingement. Being on the deed with your wife will NOT have an effect on what rate you qualify for. You will attend the closing and sign papers that are specific to the home, but none of the mortgage documents.

I would be happy to discuss your options with you in detail. contact me [e-mail]

Answer 2

You can be on the deed, but think about it carefully if for some reason you either have a judgment against you or owe anything to IRS. They can come in and take the house. Just be careful and think about this. Another thing you could do is have a will and name you as beneficiary, so you won't be out in the cold if anything happened. Otherwise, it would go into the estate.........I'd sure do an awful lot of research before making a decision.

Answer 3

Depends of where you live. In Michigan, for example, the wife has automatic rights whether she's on the deed or not. Generally speaking, yes, you can be on the deed and even though she is on the mortgage, you will have to sign documents at the mortgage closing anyway, to show you know that she's taking out a mortgage.

Answer 4

Sure you can. She may have to make the initial purchase herself, but once the mortgage is signed, all your wife has to do is contact the mortgage company and ask that you be added to the deed. The mortgage company will then send the appropriate forms for her/your signature. In some states, they may have to be notarized, so make sure you find out before you sign them. If a notary is required, you can find notaries in the Yellow Pages.

Answer 5

Yes you can be on the deed however if you have bad credit it may effect the amount you can borrow and even the percentage rate at which you borrow. Contact your local lending agent and they will be able to tell you which option is best for you.

Answer 6

Typically the lender, if there is a loan, wants the title to match the names of those on the Note while the loan records, so if you're not on the Note (loan), you won't be on the title. In fact, you may have to sign a quitclaim to her if you're married for purposes of getting the loan approved.

But once the loan transaction has recorded your fiancee can quitclaim it to the both of you as Joint Tenants (or Tenants in Common, or...), and you are then on the title.

Answer 7

yes u can.