Posted on: 22nd Oct, 2013 02:26 am
While calculating the debt to income ratio, is it mandatory to include the debts of my spouse? I will pay off the mortgage. So, can I leave her out?
Hi Usher,
If you want your spouse to be on the loan docs, then his or her debt will be calculated as a part of debt to income ratio.
Take care
If you want your spouse to be on the loan docs, then his or her debt will be calculated as a part of debt to income ratio.
Take care
It is mandatory to count your wife's debts only if you are in a community property state.
There are nine community property states:
AR CA ID LA NV NM TX WA WI
There are nine community property states:
AR CA ID LA NV NM TX WA WI
