Nick Perry argues against adding your spouse's name to a mortgage because it inflates both partners' debt-to-income ratios, making it harder to qualify for future loans. A prenup won't protect your credit. He recommends keeping the mortgage in one person's name so the other stays eligible for additional borrowing.
Never ever put your wife's name on the mortgage because you're making a huge mistake that you're going to regret. And look, a prenup isn't going to save you either because of this one thing. See, when you both sign the mortgage, both of you take the debt hit on your credit. So when you go to buy the next property, both of your debt-to-income ratios are blown out. So instead, take the mortgage in your name because that way your partner gets a clean credit report for future use. It's called the one buyer, one debtor method. And if you want help with this, comment setup and I'll reach out.
