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Should a married couple have both names on their mortgage loan?

A married couple filling out a loan application with both of their information

One frequent question my team receives is whether or not it makes sense for a married couple to have both names on their mortgage loan. While each mortgage situation is different, often times it makes more sense to have both names because it allows for two income streams, which ultimately helps you qualify for your loan amount.

With that being said, there are some loan products that make more sense to only have one person on the loan. In some circumstances, one person might have a higher credit score than the other, and that may allow for a lower interest rate. Additionally, it makes sense to only have one person on the mortgage if there is something you want to do in the future with your other investments.

Regardless of what the situation might be, we always recommend that both names should go on the title to ensure that both individuals are equal owners of the property. We understand that every situation is unique, and we are happy to talk through any questions you may have. Please feel free to call us anytime!