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Can a married couple take out a joint mortgage even if the wife is not working?
Wiki User
∙ 18y ago
YES. AS LONG AS YOUR CREDIT IS NOT HINDERING THE LOAN. THESE DAYS IT IS ALL ABOUT FICO SCORES. E
Wiki User
∙ 18y ago
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Whose credit score is used on a joint mortgage?
Both persons if it is applicable. In some cases a married couple will hold a joint mortgage but only the wage earner will have a credit score on record.
Do you have to be married to have a joint mortgage in Florida?
No.
What happens when you sever a joint mortgage?
You cannot sever a joint mortgage. It must be paid off.You cannot sever a joint mortgage. It must be paid off.You cannot sever a joint mortgage. It must be paid off.You cannot sever a joint mortgage. It must be paid off.
Do both parties on a joint mortgage have to file bankruptcy on a joint mortgage?
No, both parties on a joint mortgage do not need to file bankruptcy. They can file a joint bankruptcy or a single bankruptcy.
Will your medical bills be reported on your spouse's credit?
No. Credit reports show individual and joint debts, but not as husband and wife. For example, a married couple hold a joint mortgage it will be on both of their credit reports, individual accounts including medical bills will only appear on the CR of the spouse who incurred the debt.
Who owns a joint car when one person on title?
A married couple in most states.
What is joint marital property?
It means it is all the property that belongs to a married couple only.
What does it mean a married couple filing a joint tax return has joint and several liability for the taxes associated with the return?
It means that they have joint liability as a couple and also individual liability, so that each one can be charged separately.
Who is responsible for deceased fiances debt when owing a house together?
Since the couple were not married the surviving person is only responsible for joint debts only. The status of the home ownership depends upon how the property is titled and the terms of the mortgage agreement.
Do they do a credit check for adding your name to the house mortgage?
Yes, generally all joint financial agreements/contracts require that all applicants submit to a check of their credit history. In a few states the requirements for a married couple are somewhat different.
Can a same-sex married couple file a joint state income tax return in Wyoming?
No married couple is permitted to file a joint state income tax return in Wyoming. Wyoming is one of the seven US states that have no individual income tax.
Can a same-sex married couple file a joint state income tax return in Alaska?
No married couple is permitted to file a joint state income tax return in Alaska. Alaska is one of the seven US states that have no individual income tax.
