Pros and cons of adding non-earning spouse to my mortgage application as co-borrower/co-owner? Not worried about possibilities of alimony/separation etc.

like
Posting as :
works at
You are currently posting as works at

Pro: Helps SOs credit score assuming you make payments on time.
Con: If SO credit score is lower than yours, it could impact your interest rate. (Conversely, if SO score is higher, it won't help your rate as most lenders use the lower of each of your middle scores.)

Just add him/her to the deed not the mortgage. Most experienced lenders would suggest not going through the extra work to add him/her and his/her assets to the loan application

Related Posts

I’m interviewing for a client-side job and am fairly certain an offer will come. I can’t help but think the roles and responsibilities are way junior for my 15+ years experience, and (cont)

like

Are Principal Product Managers individual contributors or are they management? If management, are they the same as group product managers?

like

Any tall masculine looking gay guys here? Do you get approached by guys often?

funnylike

Is it just me, or is it common for former union bosses who go into corporate management to have an inherent inclination try to treat their employees the same way they would treat their employer in their previous role? Anyone else have a similar experience?

like

Received an offer of 15.5Lpa fixed, Grade B2.
Is this average salary offered to B2?
Background : MBA + B Tech, YOE: 3 years.

like

Is anyone able to give me the Marriott Family or/and friends discount paper? 🤗

Got invited to a wedding which took me by surprise because we haven’t kept in touch in over 4 years. Is it rude if I don’t go moreover don’t leave anything in the registry? :/

like

Anyone in finance involved with Shareholder Advisory?

like

Recs for Indian food in Calgary

What are some ways you show employee appreciation?

like

What do you think? Is it ever okay to tell another senior associate that you are not their junior associate? My rate is 10% higher.

like

To work as a pediatric or NICU nurse as a new grad do you have to obtain all the certifications on your own or will the hospital provide/pay for it?

like
likeuplifting

How to date while living at home with your parents?? Feels so awkward 😬

likehelpful

any tips or pointers on the case study as apart of interview process?

like

I'm moving back to blighty, want to be commutable to London. Need a family home, yard for dog, etc, where would you go if you could? Max £400k for a house, good schools. I used to live in the southeast but priced out and feeling overwhelmed with narrowing down. Thanks!

like

Follow up post to my last post…My husband was laid off from the company where I also work. I am feeling really isolated / depressed about working and moving forward. I’m also getting to a stage where I’m really sad that people haven’t reached out to either my husband or myself to send well wishes or provide support. It’s like they don’t know what to say or I make them feel awkward so they don’t bother…I’m trying to focus on a few that have been supportive but it’s hard…Any words of advice? 😞

like

In Bosch global services Ltd...
How NPS ( company Contribution) amt is calculated
Is it some ℅ of basic or of ctc? Or is it fixed for everyone.

Is NPS optional.
If it is paid by company, and is not part of ctc, then everyone will take it.

like

is your company hiring currently ?

like

Campervan or hostels/hotels with car in Iceland? Looking for advice. Planning a 5 day trip in September

like

Additional Posts in Personal Investment Chatter

If I get a new job in New York but only move in august, would I be able to avoid state income tax for all of 2021 income given I spent over 6 months in Florida ? Have lived in Florida for all of my career thus far.

like

Is there any way to make pretax contributions to a retirement account outside my employer plan if:

1. My employer offers a 401k plan

2.) Im over the income limit

Here’s my situation; I left a higher paying consulting position for a lower paying position (better WLB). When I left consulting, I got paid out for my PTO, and I received a signing bonus with my new company. I expect my income will be significantly higher this year than it will be for a while. I know I could … (see comments)

like

Is watch a good investment vehicle in terms of resale value?

like

I make $140k in New York. Should I invest a Traditional 401K or a Roth 401K or do a split?

like

What does a single family house (with basement) home owner insurance costs. Just looking for a range. Looking for a ballpark.

like

What is a good introduction book on investing?

What are some ways you guys earn passive income (other than stock market) ?!

like

what’s the most you’ve spent on brunch 🤣

funnylike

Currently building a house, 6 months to go and have down payment and a little more in a HYSA. Is it wise to put the remaining in an S&P 500 ETF to capture some of the bull market or hold onto cash?

On personal Capital, how many of you add the value of your car to your net worth

like

1 yr treasury bills almost at 4% interest. Maybe not a bad time to buy bills for those looking for a short term investment (assuming you’ve already maxed the Series I bonds)

like

My federal student loans currently have a ~4.5% interest rate. I have a lump sum that could take a significant portion out, but I’m leaning towards investing in VTI instead to outperform the interest rate.

How sound is this strategy and what other investment vehicles should I be looking at?

like

If I’m above the Roth income limit, can I do back door Roth for my Roth IRA and mega back door Roth for my Roth 401k? And does back door Roth count against contribution limit for mega back door?

like

Anyone run a side business for the tax benefits? Thinking about things like the over 6000lbs vehicle tax deduction, home office deduction, etc. What sorts of business do you all have?

like

Hey all! I would appreciate some feedback on my investing strategy: I want to buy QQQ3X when QQQ goes below 118$. I believe a major market reversal (a crisis) should take place in late 19 or (cont)

Any thoughts on zero cost fidelity funds. Any you like?

like

The general withdrawal rule for retirement is 4%. Do you think this is too low? I’ll probably still be working part-time, but will also collect social security after 62.

like

New to investing. Looking for any/ all tips... book recommendations, YouTube videos on how to get started

like

What are your favorite personal finance books? I just read Rich Habits and really liked it. I am also reading the Psychology of Money. Looking to read some more!

like

Once I’ve maxed out my 401k and IRA accounts, where else can I do with my savings if I wanna continue investing in stocks? Feel like keeping a stash in a high yield savings acct isn’t the best rn.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal