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Updated about 7 years ago on . Most recent reply
Conventional Mortages Limit - Couple
Hi All,
Silly question and I expect the answer will be 'no', but I've seen stranger things in FNMA rules...I know my wife and I can each have up to ten conventional mortgages in each of our names. Can we somehow qualify jointly (use combined income, assets, etc.) but only put one person's name on the note, thereby only 'using' one of our 20 total conventional mortgages? If yes I'd be surprised but realized today I didn't know. Thanks!
Most Popular Reply
@Brian Bistolfo - No. If the person's income is used to qualify them they they need to be on the loan
- Brie Schmidt
- Podcast Guest on Show #132
Second City Real Estate
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