As the title says: I need some advice: I bought a home last year as a first-time home buyer. Now my wife would like to buy a second one. When I purchased the house last year, it was through Rocket Mortage. My wife wasn't involved in the loan or title, it was just me. The house cost $360k.
Now my wife saw another house for sale and she likes it, she was thinking of renting the one I purchased last year and buying the one she saw. She makes about 45k per year and she just started. I make about 100k per year. I was thinking of having my wife to go through the loan process and apply and see what she is getting qualified for and me as a co-signer. Would this be a good idea? I also called Rocket Mortgage to see if I'm allowed to rent the house and they said yes it should be fine since it's been almost a year now.
