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

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Q: Can you get a home loan as a couple without being married?
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Can a husband file for bankruptcy without his wife My husband is forclosing on a home he purchased before were married. Can the bank go after the wife for this debt even though she it not her debt?

It depends on your state. You should definitely get a lawyer!


When owning a home if two people are on the mortgage do you need both people to sign for a home equity loan also?

It really depends on the state in which you live and whether or not you are referring to a married couple. It also depends on what you mean by "sign for a home equity loan." In Texas, for example, both spouses would have to sign for a home equity loan. And as for the signing, both have to be at closing to sign the documents, but they are not both required to be on the loan itself (i.e. responsible for paying off the debt). Your best bet would be to call around to a couple of local banks and ask the question. I mention a couple, because that increases your odds of getting correct information instead of just one person thinking they know what is the correct answer.


If you are about to get married and you are filing Chapter 7 bankruptcy will this bankruptcy affect your spouse in any way after the marriage?

It will only affect the non-filing spouse if the couple apply for some type of joint credit, such as a home mortgage. It will not affect the new spouse's credit report/score.


What is the Qualifying income to buy 1000000 home?

That question can not be answered without the overall expenses being outlined. When true debt-to-income ratios are calculated, they include all debt known to the lender from credit cards, auto loans, home insurance, home taxes...etc.


What are some reasons for a couple to commingle their finances?

A couple might want to co-mingle their finances if they want to improve the way companies view the finaces of the couple. If they want to purchase a home, it helps to have 1 pot to draw from.

Related questions

Should a same-sex married couple be allowed to adopt and what are the pros?

Yes. There is no legitimate reason to prohibit same-sex married couples from adopting children. The advantages of being adopted by a same-sex married couple are (1) a stable family life at home; and, (2) whatever benefits accrue from being adopted by an opposite-sex married couple, since the gender of the parents does not affect their ability to successfully parent adopted children.


Can a child legally be left home alone in Virginia?

At 11 Years Old they can be left alone if they're from a married couple. At 12 if they're a girl alone from a non married couple. 13 for a boy if they're alone from a non married couple.


Where can a newly married couple find cheap home insurance?

A newly married couple can find cheap home insurance from State Farm Insurance Company. This company is reputable. State Farm provides other types of insurance as well as home insurance.


How do you have babies on sims freeplay?

You buy a crip from the store and put it in a home of a married couple


How do sims have babies on freeplay?

You buy a crip from the store and put it in a home of a married couple


Do married couples practice home nudism?

It depends on the couple. Some do and some dont.


How do you make sims have babies on freeplay?

You buy a crip from the store and put it in a home of a married couple


How do you make sims have baby freeplay?

You buy a crip from the store and put it in a home of a married couple


When you file for someone you married at what point do they come and investigate your home?

An interview at the residence of the married couple is generally only done when there is reason to suspect the marriage is not a legitimate one and the couple do not actually reside in the same household.


What building would Muslims get married in?

Many Muslims get married in a Mosque or Masjid, but there are also some who choose to get married at home or a hotel, or any wedding hosting venue. It depends on the couple.


Name that movie Where kids were taken to a home where a married couple has a really cool kids play room but separate from the room is where the married couple takes the kids to sexually abuse them?

running scared, 2006, paul walker, vera farmiga


Is Rachel Huber of Home Shopping Network married?

I recently heard Rachel mention her husband on the air a couple times.