When applying for a mortgage loan does it matter that you checking account is Joint account?
Question : When applying for a mortgage loan does it matter that you checking account is Joint account?
I’m applying for a mortgage loan on my own but currently have joint checking accounts with my fiance. Does it matter that on my statements it also has her name or do I need to have her removed from the account?
joint checking account
Best answer:
Answer by canes77
It didn’t matter for me and my partner. We have joint accounts, but I’m the only one on the mortgage. I did have to have a cosigner, but that was because of income issues, not having her name on it. Your loan officer will let you know if that would be in your best interests or not.
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#2 written by Davin Liam 1 year ago
Hello,
I am Mr. Davin Liam, and I am ready to help you, I am a private money lender, I operate a registered and government approved financial institute. I give out loans to companies and individuals for 2.5% interest rate. I give out local and international loans to any body in dire need of a loan, and that is willing to repay the loan, all over the world. I give out loans via Bank account transfer or bank certified check to what ever country you are. I am not a bank and I do not require much documents. If you are interested in getting a loan from my company, contact me with the following details.Mr. Davin Liam
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#3 written by Beverly S 1 year ago
If your fiance is going to be on the deed it won’t matter at all, even if only you are on the loan. If not what we do is use only 1/2 of the ending balance on the account statement as your assets. If you do take her off keep in mind that lender will ask for 2 months (minimum) statements.
The reason for only using 1/2 is since it’s a joint account we assume 1/2 is the other persons. One final note: The reason for requesting the bank statements is to make sure you have the required amount for down payment, closing costs & reserves. Make sure to have no NSF charges or overdrafts- this can cause loan to be declined. Also any large/unusual deposits will be questioned- be prepared to document.
Good luck! -
#4 written by Jen C 1 year ago
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