Should my wife be on the mortgage?
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Should my wife be on the mortgage?
Many spouses choose to buy homes together by obtaining a joint mortgage. However, if one spouse can qualify for a mortgage based on his own income and credit, the mortgage does not need to be in both spouses’ names unless you live in a community property state.
Can I put my daughter on my mortgage?
When you put your child as a joint owner on your residence, your child can now use the property as collateral for a new loan. Remember, when you list someone as a joint owner, then the property does not go through your estate. As a result, your other beneficiaries will not inherit any interest in the property.
Can I add my wife to my mortgage?
Yes, you can add your partner to your property title to make you the joint owners of the property but they need to have an interest or share in the property. You can add your de facto partner or spouse to your title. You’ll need to refinance your home loan.
Can a parent be a guarantor for a mortgage?
With a guarantor mortgage, you may be able to get a mortgage even if you have no deposit or a bad credit score. A mortgage guarantor is someone – usually a parent, a relative or even a close friend – who will cover your mortgage repayments if you can’t pay them for any reason.
