What is the best way for a married woman w/a joint mortgage to buy a condo as a single buyer?

i am married but never had my name on the family house.


this recently changed.


i would like to buy a condo in just my name.


is there a problem with that?


if not, how do i do this?What is the best way for a married woman w/a joint mortgage to buy a condo as a single buyer?
you apply for a mortgage in just your name with using only your credit historyWhat is the best way for a married woman w/a joint mortgage to buy a condo as a single buyer?
No. Just buy it in your name. However, if you are getting a mortgage for your condo, be aware that as a joint mortgage holder on your family home, that debt will be charged against you in underwriting as an outstanding debt, and may affect your ability to qualify for a mortgage on your own, depending on your income.





In some states, there are homestead laws where a spouse has to sign to acknowledge that they know you are making a real estate purchase. They aren't taking responsibility for the mortgage, just acknowledging the purchase. Check with your mortgage company to see if that applies in your state.
Some states will not allow one married person to purchase property without the signature of another. The country is about evenly split...so we would need to know what state you lived in.
There is no problem with buying something as long as your debt-to-value ratio is still acceptable to a mortgage lender or banker (That's assuming that you will not be selling the first property).


Debt ratio = Total liabilities / Total assets
Have you told your husband that you're buying this condo? If you make enough money, you may be able to qualify for a mortgage yourself. If you are listed as a borrower on your current mortgage, half of your current mortgage will count as debt when you go to get a mortgage.


If you're looking to get away from your husband, which is what this kind of sounds like, just get divorced.

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