When a couple buys a home together and they need a mortgage they both complete the loan application and provide all the documentation from each such as paycheck stubs and bank statements and tax returns. Married couples typically own a home under what is called Joint Tenancy or Husband and Wife as Joint Tenants (HWJT). This means that if one of the spouses dies after the mortgage is placed the surviving spouse automatically becomes the sole owner of the property. But what other benefits to married couples get when applying for a mortgage?
Really, not anything compared to any other borrower other than perhaps how ownership is vested. Any couple, married or not, can obtain a mortgage together. There's no law that states if two people buy a home and get financing then have to be married.
Most state laws that regulate ownership in real estate can have different rules regarding being married or not being married but the real difference is not the loan program but how the borrowers take ownership, or how they take "title." People who buy real estate together who are not married will most commonly take ownership as community property. Others can put the property into a trust or other legal entity allowed by the lender.
But regarding any other facet of obtaining a บ้านมือสอง mortgage a lender looks at income, debt ratios, credit, assets and occupancy. A lender could care less really if two, three or four people buy a house together or if the couple is married or not. The lender cares only if the loan they made conforms to underwriting guidelines and they expect to be paid back on time, every time.
ไม่มีความคิดเห็น:
แสดงความคิดเห็น