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Shaun Dalton's Advice

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Shaun Dalton wrote:

do you have to have the credit and the income or can it be one person with credit and one with incom

Most banks will require the use of the lower credit score for qualifying and rate determination. However they will consider both or the only income against both applicants credit liabilities. The rule of thumb is to have all credit liabilities and the new mortgage payment under 50% of the total gross income. Hope this helps.
October 24 2013