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I have had a loan but no longer work I rely on my wife's income. Would she have to pay my loan?
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If you apply for a mortgage loan can you put your husbands income on the application also even if he is not applying for the loan with you?
You can use income that is at your disposal. If you will have access to your husband's income as a household income for this mortgage then yes you can. If you are separated and he will not be living in the house then the answer would be no.
How does one get a loan against a property?
The first step to getting a loan against property would be to find the Banking Institution that you would like to use for the loan. A person would need to have a job with a salary in order to apply for the loan. Then they would have to have all of the documentation necessary to submit to the bank for the loan including proof of income, financial statements, income tax returns and proof of identity.
What types of person qualifies for a no income verification loan?
A no income verification loan is one that would generally be used by an individual that is self employed. Statements of their earnings and bank records are used to prove that payments can be made on the loan.
Can a husband take a loan against a house that has wifes name on it also?
All parties on title to the home must sign the loan documents; so, your husband can not do a loan on his own. Some states allow the spouse to sign the note (the debt) but not the deed; that would mean you are on the loan only but not the title; in that case, your husband would be able to encumber the property with another loan in his loan only.
Can a credit card stop a loan approval?
Yes. If you are approved for a loan based on your current debt and income, and then you obtain new debt such as a credit card you may no longer meet the requirements for your current loan approval thus resulting in a decline of the pending loan.
If a married couple buys a car using the wifes SSN for credit purposes and the husbands income to get a loan what happens if the car is repossessed and whose credit will it affect?
The person or persons names that appear on the loan contract.
Can you get a car loan with no income?
Unlikely. People would question your ability to repay the loan.
If you apply for a mortgage loan can you put your husbands income on the application also even if he is not applying for the loan with you?
You can use income that is at your disposal. If you will have access to your husband's income as a household income for this mortgage then yes you can. If you are separated and he will not be living in the house then the answer would be no.
How does one get a loan against a property?
The first step to getting a loan against property would be to find the Banking Institution that you would like to use for the loan. A person would need to have a job with a salary in order to apply for the loan. Then they would have to have all of the documentation necessary to submit to the bank for the loan including proof of income, financial statements, income tax returns and proof of identity.
You bought a car the loan is in your name the car is in your wifes name?
yes
Is a loan that was setup by the husband only in his name. without wifes signature still wifes debt?
Ask yourself the question that if the husband purchased a lottery ticket and the ticket was a winner, would the payments be partly the wife's?
What types of person qualifies for a no income verification loan?
A no income verification loan is one that would generally be used by an individual that is self employed. Statements of their earnings and bank records are used to prove that payments can be made on the loan.
Can you be on title but not on the loan?
car is in wifes and my name, she got a title loan unknowingly from the husband. She defaulted, can they take the car from the husband?
Can a husband take a loan against a house that has wifes name on it also?
All parties on title to the home must sign the loan documents; so, your husband can not do a loan on his own. Some states allow the spouse to sign the note (the debt) but not the deed; that would mean you are on the loan only but not the title; in that case, your husband would be able to encumber the property with another loan in his loan only.
Can a credit card stop a loan approval?
Yes. If you are approved for a loan based on your current debt and income, and then you obtain new debt such as a credit card you may no longer meet the requirements for your current loan approval thus resulting in a decline of the pending loan.
Can the primany buyer of an auto loan refinance the auto loan in the cosigner's name only?
No. The cosigner would have to apply for a loan in their name using their credit, income data.
What is The taxable portion on the loan?
None of of the borrowed money would be taxable income to you when you receive it.
