home loans – mortgage refinance second mortage

January 21, 2009

My fiance has bad credit. I have been approved for a mortgage. Should I add him to the mortgage?

Shirley F asked:


Will the rate increase if I add him to the mortgage after I have been approved and made a few payments? We make close to the same money and he will be paying at least half of the mortgage loan. I want him to be co-owner of the house even though he has 30K in credit card debt.

SHELBY

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