Currently researching some of our mortgage options, and one thing I was wondering is how lenders look at debt.
Currently I'm the sole earner in our household, but my wife carries some debt in her name. If I apply for a mortgage in my name, to purchase a house for us, will the lenders also look at her debts, even though it is just my name on the mortgage application? I ask as this would tweak our income-debt ratio a little.
We live in MA in case state law might come into play.