Should I do a no-doc mortgage only in my name vs both of our names?
View your credit file based on any of the UK credit reference agencies, or all three at once
LifeLock is the only Identity Theft Prevention Solution backed by a one-million dollar guarantee!Click here to get a 10% discount.
I think that you need to talk to a lawyer in your state. If only your name is on the mortgage, and god forbid, you were to get divorced, would you have the total obligation to pay back the mortgage??
Should I do a no-doc mortgage only in my name vs both of our names?option 2, just keep him on title.......
Should I do a no-doc mortgage only in my name vs both of our names?The only down side is that you will be totally responsible for the mortgage. If that doesn't bother you, then go ahead.
I truly think there are much better options available, though, so you should probably spend a little more time researching what's available. Neither option you've quoted seems like a very good deal.
Should I do a no-doc mortgage only in my name vs both of our names?hmmm...
A no doc loan with a 715 score at 7.5%? That sounds really expensive.
A loan for you, by yourself, as NO RATIO should be 6.625%, 6.746% APR. Unless there are other factors not included in your question.
Hey! I happen to know a mortgage lender! LOL
Should I do a no-doc mortgage only in my name vs both of our names?I'd ask your credit union if they ever ran your loan through an automated underwriting engine.
Hard to know without knowing exactly why your husband's scores are so low, but it's not uncommon that with your scores, in a joint application, you'd qualify for the best rates. If they say anything like A-minus, level 1-5, they're on the right track.
Never hurts to get a 3rd offer. Every company has different products available, and loan officers who do things differently as well.
More Related Questions and Answers ...
The loan information post by website user , we not guarantee correctness.