| matilda |
| (Pooh-Bah) |
| 11/08/05 08:47 PM |
Re: husband to buy me out of house with equity lin
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If he is increasing the loan amount and your name is on the loan he is increasing YOUR debt to income ratio. Depending upon how much money you make it may make it more difficult or impossible for you to qualify for a home loan in your new state. They will run your credit report and see that you owe that money as well. I agree don't sign a quit claim until he has re-financed. If you sign one and he defaults you don't have a right to try and save your credit and re-claim the house.