Personal debt or household debt

[CricketLane]

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.

[Evan Bedard]

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.

Welcome and thanks for joining the forum.

From my understanding, if you are applying for the mortgage based solely off your financial information and you can fully qualify for the mortgage without your wife's income you should be fine..