Updated almost 8 years ago on . Most recent reply
What happens if me and my wife co-sign for each other
I'm looking to buy our (my wife and I) first multi family house within the next few months . The thing is my wife has better credit than me at the moment but I make more money and have 2 years work history . I know she can apply for the home loan and I can co-sign and have my name on the deed as well but does this affect the total amount of loans we can get down the line ? Usually a person can get 4 Fanny Mae loans and then 6 more Freddie Mack for a total of 10 before getting more creative with the loans but would this cut us down to to a total of 10 loans between the both of us or would we each still be able to get 10 loans for a total of 20 ?