how do lenders typically calculate your debt on a existing joint mortgage?

[eonaxes]

this is in California (community state)

wife and I are on loan together. We are looking into my wife getting another house loan with just her on it (a conventional loan that would not factor in other debt thats in my name only). When they look at her debt/income how would they calculate our existing mortgage? Factor in only half? All of it?

Thanks

 

[liverichly]

They'd factor in 100% of it. It can only be excluded if you have been making the payments for the past 12 months from a bank account that is in your name that your wife is not on.

 

If the property taxes & homeowner's insurance aren't escrowed, and if you've paid those direct from a bank account in your name that your wife isn't on, then that can also be excluded from the debt ratio.

 

Is the new home going to be your primary residence and what are your plans for the existing home?

[eonaxes]

sorry for super late reply.  It would be an investment property.  Is it possible to show my income as money she has full access to without me actually going on the loan?

[tiggerlgh]

No you can’t use your income if you are not on the loan.