Posted on: 28th Jan, 2010 11:35 am
my home mortgage loan is under my name only, however both my husband & I are on the title. Can he purchase another home while still married to me? I’m getting mixed messages stating that he would have to divorce me to be able to get a mortgage approved in these times.
My house is in forclosure and i do not wish to keep the house. Thanks
My house is in forclosure and i do not wish to keep the house. Thanks
>>Can he purchase another home while still married to me?
Yes, but he'll have to be the only one on Title. And you'll only be able to use his income to qualify. You'd be able to buy a higher priced property if both your incomes were considered. You won't be able to be on the Note or Title.
Yes, but he'll have to be the only one on Title. And you'll only be able to use his income to qualify. You'd be able to buy a higher priced property if both your incomes were considered. You won't be able to be on the Note or Title.