Submitted by wiillrus t3_yi9mep in personalfinance
MayorOfHamtown t1_iuhnowq wrote
Reply to comment by wiillrus in Multiple Mortgages and Their Effect by wiillrus
Generally speaking, banks do not recognize any agreements between you and a co-borrower. The risk is that the other party could stop paying at any time and then you are responsible for the entire mortgage, so they calculate DTI with the whole monthly payment.
Viewing a single comment thread. View all comments