I dont know anything about mortgages....

My DH has excellent credit, but mine is shot. Would we both have to go under the mortgage or can it go just under my DH?

Re: I dont know anything about mortgages....

Your DH can take the mortgage out in his name alone - then all the finances determining what kind of financing you will be aproved for, are all his - yours cannot be factored into it.

As for the house "not being yours" - that is determined by the deed, not the mortgage...just get your name on the deed after closing.

Re: I dont know anything about mortgages....

I was always under the assumption the names on the deed would also be under the mortgage. Good to know. Thanks!!

Re: I dont know anything about mortgages....

After the loan closes your DH should be able to quitclaim deed part of the house into your name.
Your DH will still be the only one responsible for payment. I think the only way to add your name to the mortgage would be to refinance the house.

Check the loan documents though. Some times the loan documents stipulate that you cannot transfer without lender notification and that if you do, you are under default of the mortgage.........just an FYI.