Can we use his income but my credit? The answer is: No. If you are the borrower on a mortgage loan than it is your credit that will be used to determine the applicable interest rate. You are not able to mix and match. This is universal no… Read Full Article Share FacebookTwitterLinkedIn
Can we use my higher credit score to qualify for a better rate without using my spouses? The answer is: No. If you and your spouse are applying for a home mortgage loan, an underwriter will look at each of your three scores and select the lower middle lowest score when determining the applicable interest rate. This… Read Full Article Share FacebookTwitterLinkedIn