Should my spouse co-sign our mortgage loan, if we don’t need her income to qualify?

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My wage is approximately 55% than my wife’s
This will be our 2nd home
With our first home, I am the only one on our 1st loan; we co-signed for the second loan (which represents our equity line and)
We both have comparable credit scores
Also, should mention that one of our homes is an investment home/rental property
And with this question, wondering what the pro’s and con’s of each scenario would be. (Me on the loan alone, or both of us on the loan)
Thank you

6 Comments
  1. Reply
    Bill P
    April 29, 2011 at 11:26 pm

    You can finance the house and just put her on the title

  2. Reply
    TJ
    April 30, 2011 at 12:02 am

    Had a similar situation with my spouse, and I signed for the loan, but she’s on title. Although, I’ve wondered what the legal ramifications would be if god forbid our marriage went South.

  3. Reply
    Landlord
    April 30, 2011 at 12:47 am

    She should, it will increase her credit score. You never know what might happen, she may need great credit in the future.

  4. Reply
    STEVEN F
    April 30, 2011 at 1:25 am

    If you need a loan, you can’t afford a SECOND home. As a married couple, there should not be a ‘my’ and a ‘hers’. Everything should be OURS.

  5. Reply
    heybulldog
    April 30, 2011 at 1:54 am

    If she is on the title without being on the loan she will own the house without having to be responsible for paying. You and you alone will be responsible.

  6. Reply
    ed m
    April 30, 2011 at 2:21 am

    it would be ok as long as your wife does go southward bound than she would own 1/2 of house and you would owe 100% of the balance — i can not see anyone doing that in this day of marriages than don’t out last the ink on the marriage paper work!!!

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