Only wife has name on title and lender, but I have all the income. How to proceed at mortgage renewal time?
Although they said there was no income requirement when going through the newcomer program, they still asked me to submit my financial information, and I had to show some proof of my own assets in order to finalize the deal. Also when closing our mortgage, my signature was required on some documents. I am referred to as spouse of XXXXXX on the documents.
Now my income is more than enough to satisfy my current mortgage and we both have excellent credit scores. My only worry is that since my name isn't on, they will not accept my income and credit. Does anyone know how that works? If not, then I need to look into adding my name to the title and mortgage in order to do so?