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Updated over 7 years ago on . Most recent reply

User Stats

13
Posts
1
Votes
Jornel Lugo
  • West Palm Beach, FL
1
Votes |
13
Posts

What happens if me and my wife co-sign for each other

Jornel Lugo
  • West Palm Beach, FL
Posted
I'm looking to buy our (my wife and I) first multi family house within the next few months . The thing is my wife has better credit than me at the moment but I make more money and have 2 years work history . I know she can apply for the home loan and I can co-sign and have my name on the deed as well but does this affect the total amount of loans we can get down the line ? Usually a person can get 4 Fanny Mae loans and then 6 more Freddie Mack for a total of 10 before getting more creative with the loans but would this cut us down to to a total of 10 loans between the both of us or would we each still be able to get 10 loans for a total of 20 ?

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