Quote:
Originally Posted by noppenbd
It is not whether your wife's name is on the title, it is whether her name is on the mortgage. If she is on the mortgage and you default her credit will be trashed. Also, can she even qualify for a loan based on just her income, with all the credit card debt you all have?
If $315K seemed reasonable when you bought the house, why is it now suddenly unreasonable? If you are able to make the payments, I think you have a responsibility to pay your debts. Old fashioned maybe, but this country needs a little of that right now.
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I thought we could get 3 bedroom house for 120K these days. That would bring my monthly mortgage payment to less than $1000 and my wife is making 55K so she should be able to get loan for that amount.