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IF they want to be co-borrowers they can use both incomes to purchase.

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Q: Can two people get a loan using both incomes?
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If your wife is granted chapter 7 and both of your incomes were on the chapter 7 can they make you pay the car loan?

I'm not clear what you mean by "both of your incomes". But it seems your saying your wife was he only one who C-7, which means received discharge of debt. Hence, if you were on the loan, it would seem you are still responsible for the loan.


Can two single people get a car loan?

Decisions about whether to loan money or not generally are not made on the basis of whether the loan applicants are married or single. If you have a job, and a reliable income, then you should be able to borrow money. If two single people both have jobs and reliable incomes, then their collective credit should be even better. You can co-sign for a loan without having to be married to the person who is borrowing the money. It happens all the time.


Can you get a home loan as a couple without being married?

Yes, the bank will calculate your combined incomes to determine how much they will loan to you.


You want both names on the deed and both incomes counted but you only want your spouses credit checked for the mortgage decision is that possible?

No, if both are going to apply for the mortgage using their combined incomes, a credit check will be done on each individual. If one person feels their credit history may be a liability in obtaining the financing, they may want to explore the possibility of the person with good credit being a single primary borrower. Obviously this would only be a viable option if the person's income level was adequate to procure the loan.


How do I find out about FHA refinance loans?

FHA loans are for people who are buying homes that have low incomes. To get a refinance option it would need to be a regular loan because FHA is already as low as it will get.


If two people are listed on title of car and person on loan defaults is other person responsible?

The car goes back regardless. If BOTH of the two people are on the loan, then BOTH are responsible. But if only one is on the loan then ONLY that person is reponsible.


What are the two programs that have historically been used to stabilize farm incomes?

The loan support program and deficiency payments.


Can a spouse's income be used on a mortgage loan if she is not a co-borrower?

No, you can't use your spouse's income on a mortgage loan if she isn't going to "sign" it as a co-borrower. Only the incomes of those who sign for the loan are considered.


Difference between co borrower and co mortgagor?

A Co-borrower and co-mortgagor have the same meaning but a mortgage is only used to refer to a loan for real property. Both incomes are used to qualify for the loan. Under this arrangement, all parties involved have an obligation to repay the loan. Generally, a co-mortgagor has an ownership in the encumbered property.


What is a FHA loan?

It's a federal assisted mortgage from the Federal Housing Administration (FHA). The FHA loans typically provide loans to people with lower incomes, allowing them to have the ability to own a home.


Can you get an another auto financed if you already have one financed?

The general rule in auto financing is: One income one loan two incomes two loans. Meaning one person one income one loan two people two incomes two loans. There are exceptions If your income is a high income and your expenses are relatively low, then yes second auto loans happen. Of course it also depends on your credit.


Can you cosign on an auto loan if you financed a car recently?

Yes, as long as the person you are co-signing for has an income. The rule is one income one loan two incomes two loans.