2007-01-16 09:16:33 · 6 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Mortgage companies are only interested in total income. Obviously, if you have a working spouse, it will help to have additional income, but if you have two people earning $100,000 a year or one person earning $100,000, the mortgage company tends to see it the same way. Kind of strange, if you think about it, because theoretically, it would be highly unlikely for both spouses to lose their jobs at the same time, making it a higher risk if there's only one person's name on the mortgage and loses the only source of income to pay the loan. But hey! I'm not a mortgage writer!
2007-01-16 09:24:31 · answer #1 · answered by SuzeY 5 · 0⤊ 0⤋
It makes no difference. I bought a house as a single 20 year old and as a married 24 yr/old.
You can be co-applicants and not be married at all. You can be a single applicant. Whatever you want!
2007-01-16 17:22:57 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Doesnt matter if you can show you can pay the loan off.
2007-01-16 17:23:32 · answer #3 · answered by Anonymous · 0⤊ 0⤋
If the spouse is also working, it is easier.
2007-01-16 17:19:14 · answer #4 · answered by jseah114 6 · 0⤊ 0⤋
it doesn't make a difference to the lender... sinner...
2007-01-16 17:56:56 · answer #5 · answered by Anonymous · 0⤊ 0⤋
money counts
2007-01-16 17:21:14 · answer #6 · answered by Anonymous · 0⤊ 0⤋