Aaron WhybrowGeneral Manager, Strategic Mortgage Broker

#rant Non applicant loans

Name: #rant Non applicant loans
Uploaded: 2018-03-11T12:22:30Z
Channel: Aaron Whybrow
Description: Aaron Whybrow explains why banks won't split a loan between an applicant and a non-applicant spouse or partner. You're liable for 100% of the debt even…

11 Mar 2018

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Aaron Whybrow explains why banks won't split a loan between an applicant and a non-applicant spouse or partner. You're liable for 100% of the debt even if you split rent, which tanks your available income for other loans.

Hey, it's Aaron here. Just a little bit of info on loans outside the primary relationship. The banks can't split up a home that's owned by you and another party outside, say your husband or partner, they can't split up the loan. They usually take 100% of the loan and they do split up the rent. So not that this is a hard thing, but it does take a toll on your income if you go from trying to get some more debt with your husband, partner, or significant relationship. Other if this is you, we can help. If this is not you, just feel free to like and share this video to people that may need some more information. Stay tuned.