Is it Legal to have my name on our mortgage?

[happywifeymom 4]

Hello again fellow members,

I read here from one of our fellow member asking if it is legal for him to put his wife on the mortgage? I asked this because when we bought our house after we got married( 2 yrs. ago), the mortgage company told us that they could not put my name on the mortgage since that time i just got here(K1 visa) and don't have my credit record or history yet( but already had my green card that time).So to make the story short, i was not on the mortgage but i was on the deed.

My question is..is it legal or what should we have done? Now it worries me although i already filed for my removal of condtion.

I would appreciate any info.

Edited August 20, 2009 by happywifeymom

[Krikit 1,164]

Nothing to worry about. If you'd been on the mortgage they would have had to increase the percentage rate you're paying on the loan due to your lack of credit history. Lots of PR's are not on the mortgage but are on the deed. You're getting a better deal this way.

Edited August 20, 2009 by Krikit

[happywifeymom 4]

Nothing to worry about. If you'd been on the mortgage they would have had to increase the percentage rate you're paying on the loan due to your lack of credit history. Lots of PR's are not on the mortgage but are on the deed. You're getting a better deal this way.

Thank you so much for your reply.

[Mrs.J06 4]

Nothing to worry about. If you'd been on the mortgage they would have had to increase the percentage rate you're paying on the loan due to your lack of credit history. Lots of PR's are not on the mortgage but are on the deed. You're getting a better deal this way.

Not necessarily. We were in the same situation when I had been in the country for about 6 months. Rates didn't change after we put our foot down on insisting to have me on the mortgage as well. Most mortgage companies don't have a clue about how to handle this - it's all open to discussion.