Is it common to leave a spouse off mortgage because their credit rating is low? 6 Answers as of October 15, 2017

Young couple buying home, been married bout 6 years.

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Gates' Law, PLLC | Thomas E. Gates
Yes, can leave spouse off mortgage, but still list them on the title.
Answer Applies to: Washington
Replied: 10/15/2017
Law Office of T. Phillip Boggess | T. Phillip Boggess
Yes. We have had one person on the mortgage many times. So basically the person left off owns the property but isn't liable for the loan.
Answer Applies to: Illinois
Replied: 10/15/2017
Ronald K. Nims LLC | Ronald K. Nims
Yes, a spouse with a bad credit rating will increase the chance of rejection or cause a higher interest rate.
Answer Applies to: Ohio
Replied: 10/15/2017
Sebby Law Office
Sebby Law Office | Jayne Sebby
It?s not uncommon and can occur for a number of reasons. Generally, however, if both spouses are named on the deed, lenders will want both names on the mortgage.
Answer Applies to: Nebraska
Replied: 10/15/2017
Stephens Gourley & Bywater | David A. Stephens
I do not know if it is common, but it does happen.
Answer Applies to: Nevada
Replied: 10/15/2017
    Law Offices of Richard M. Levy P.C.
    Law Offices of Richard M. Levy P.C. | Richard M. Levy
    This is a much too complicated question for this forum. You can contact me for the full answer. The quick answer is that the spouse cannot be left off a mortgage if the spouse is going to be on the deed. The spouse can be left off the mortgage note . This is fairly common where one spouse has much worse credit than the other.
    Answer Applies to: New York
    Replied: 10/12/2017
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