Unique situation to qualify for a mortgage loan need help

[Francisco De La Fuente]

Hi to everyone,

My name is Francisco and I am currently in escrow for a home. MY income and MY debt to ratio is awesome to qualify for the mortgage loan. However, my father owns three properties with current mortgages. My name and my father name are on the title of these properties but not on the mortgage loans. My father has never been late on his payments. The bank is counting these mortgage loans against me. I do not qualify at all if they count my fathers debt to me.

So my question is what can I do to get approved with this unique situation?

I honestly want to know for future reference when I apply for other mortgage loans.

[Alex G.]

I can't think of a good reason to have one's name on the title of a property owned by one's father.  Consider quitclaming the properties to your father.