Tag Archive for: title only

Can Borrowers Be On The Loan and Not On Title?

We often have “title only” buyers, or buyers who want to be on the property’s title but who do not want to be on the loan. This is often the case with spouses, where one spouse might have credit issues that adversely impact financing terms. The spouse with good credit will be the only one on the loan (assuming she has enough income to qualify on her own) but both spouses will be on title.Read More

Correlating To Borrower With The Lowest Credit Score

We received negative feedback from a frustrated borrower last week because we correlated our interest rate quote to her husband’s lower credit score (low 600s) when her score was in the 800s.Read More

When You Should Drop Your Husband

Yesterday, I received the following text from a savvy agent we have worked with for years: “I received an offer on a property and it’s ‘wife only,’ stating ‘husband is […]Read More

“Title Only” Is OK; On Title But Not On Loan

Almost every lender is OK with “Title Only” transactions. These are transactions with a buyer who will be on the purchase contract and on title to the property at close, […]Read More