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Tagged with: debt-to-income ratio
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A Curious User
19 days ago
I am still on a mortgage with my ex-spouse, who has resided in the house that we share a mortgage on, and has paid for it solely and on time for the past 6 years. That house and mortgage are also deeded to my ex-spouse in a quitclaim deed in our divorce. With appropriate documentation, can the monthly payment of that mortgage be withheld from my DTI when I apply for an FHA loan for a house of my own?
I am still on a mortgage with my ex-spouse, who has resided in the house that we share a mortgage on, and has paid for it solely and on time for the past 6 years. That house and mortgage are also deeded to my ex-spouse in a quitclaim deed in our... (more)
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A Curious User
2 years ago
I have accumulated student loans in my name where my parents co-signed on the loans. I want to get an FHA mortgage to buy my first home and want to know if I have to count the monthly payment amount as an expense in the loan calculations. Since I'm not personally paying off the loan, I don't see why it should count against me.
I have accumulated student loans in my name where my parents co-signed on the loans. I want to get an FHA mortgage to buy my first home and want to know if I have to count the monthly payment amount as an expense in the loan calculations. Since... (more)
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