We have 1 house in my husbands name and would like to purchase another house in my name are we aloud

what you propose to do ought to be fine, guest.

honestly, if you are concerned about something happening on your first mortgage, i'd be a little less confident if i were you about going on to make this second purchase. but that doesn't mean you're in jeopardy on the second house. after all, you'll be the sole owner, just as he is the sole owner of the existing home. lenders don't have "cross-collateralization" rights; they can't "go after" a home owned by the spouse of a borrower just because.

How are you proposing to buy this home? As an investment or as a primary residence? And also, what will be the use of the home, will you be residing in the new home or will you be renting this property out? I hope this helps...

As the other house is in his name and will be putting this house completely under your name? I dont see a problem with that. And i dont see them coming after this house is something goes wrong with the 1st mortgage.

Hi Guest,

Even if anything happens to the first mortgage your credit score as well as the second home should remain unaffected. As long as the new home is in your name, the lender cannot come after it for the recovery of the balance amount on the first mortgage loan.

Thanks,

Jerry