zilyrag asked:
my name and my ex’s are on the mortgage together and i went to the bank to be pre-approved for a loan to buy a house by myself and it was then that i was told i was still on my ex’s mortgage. Is this gonna stop me from getting a loan for my new home?
WILLARD
my name and my ex’s are on the mortgage together and i went to the bank to be pre-approved for a loan to buy a house by myself and it was then that i was told i was still on my ex’s mortgage. Is this gonna stop me from getting a loan for my new home?
WILLARD
LUCIANO
I don’t think so, but you have to prove that you have enough money coming in to pay deposit and monthly payments for mortgage.
Comment by cool_J — January 8, 2010 @ 6:15 am
ARMANDO
Yes because that mortgage is showing up as a huge debt on your credit report if your name is still on it. No bank in their right mind is going to issue a second mortgage to you unless you are making a whole lot of money. He needs to refinance that house into his name only so that it is off of your credit.
Comment by rookem123 — January 9, 2010 @ 9:51 am