dulvalius asked:


Me and my wife’s name are on the mortgage, when a lender checks my dept to income percent, after they run my credit and see the house payment and credit cards etc; do they allocate the full house payment in to my dept or half of it since my wife is part owner as well?

I only have a $920 a month house payment and 2 credit cards with no balance, after doing the math of 16-20% DTI it doesnt leave me a whole lot to bargain with a monthly payment for a car, I make $3200 a month. But I have also read that lenders dont want your dept to exceed 40-50% gross pay which sounds alot better to me, Im aiming for a $400-450 car monthly note.

looking at $22,000-$25,000 total loan amount for auto, 750ish credit score with 11 months for home mortgage… 2 years of one credit card and 7 months of another around $500. limits, thats my credit history .

ODELL

andropolise asked:


Thank you for your feedback. In response, it is my ex husband. He was granted full ownership of the house and everything inside (I did not care to contest), and he’s been good enough to keep the payments current, but he refuses to re-finance, and there is nothing in the divorce papers stipulating that he HAS to do anything. I was trusting enough to believe I could get through a divorce without a lawyer (definitely learned my lesson); now the only way to make him take action is to re-open our papers, and I don’t have the money for that. I simply want to know if my mistake and his obstinance will keep me from ever owning property.
Thanks again for the feedback.

TAYLOR