Can I be removed from the mortgage?

[Sean Parno]

Hello BP World

I am writing this to find out some answers on a question I had I over the weekend.

My wife and I are on the mortgage together for our primary property, but if I could get off the mortgage and then get my own mortgage for our first rental could that be possible? In order to avoid the 20% down payment needed for a rental vs perhaps going the FHA route, which I know would mean I would have to prove proof of my own occupancy of the property.

I look forward to getting some feedback!

[Theresa Harris]

Does your wife qualify for the full amount of the mortgage on her own?  Also if you want to do less than 20% down, you MUST live in the place for at least one year.  To do otherwise is creating mortgage fraud.