One spouse on mortgage
Our personal home is mortgaged in my name only. We want to buy a new home and have the money for a downpayment without selling our first home. My question is: if my husband gets the 2nd mortgage in his name only, will we have to sell and close on our 1st house before we are able to close on the 2nd house? I'm currently not working, so that's why I would not be included in the 2nd mortgage. I'm in South Carolina.