Posted on: 19th Sep, 2012 01:18 am
I have a small mortgage for my residence. And also a mortgage for an apt building on my credit report. Both were purchased when I was single. Now I am married and we both make over $55k. Now we want to buy a bigger apt building but banks always seem to gripe about my existing mortgages. We both have stellar credit. We have around $80k in savings. Can she buy this apt building herself and leave my debts out of the picture?
Your wife can buy a property in her name alone. If she meets all the required criteria of the lender, then she won't face problems in getting qualified for a mortgage.
Yes, your wife can purchase a property in her name. For this, she will have to fulfill all the criteria of the lender whom both of you have chosen to take out the home loan.