How do ”shared loans" effect debt-to-income ratio?

[Aram V.]

My wife and I share a mortgage for our primary home. We both pay half .

How does our shared mortgage effect my individual debt-to-income ratio?

Do lenders take into account that I'm paying half of the loan amount?

[Chris Mason]

Originally posted by @Aram V.:

@Bob Green

Thank you fo thar suggestion. What are some other options, Do you think refinancing my current home mortgage and putting it under my wife’s name would be a good idea?

I wonder, how People get up to 10 loans without the debt-to-income ratio being an issue?

 Hi Aram,

Others are correct. Some nuance:

- Yup you could refi it into just one spouse's name. Big con is that rates are up.

- If Spouse A can prove that Spouse B has paid 100% of the mortgage on-time for 12 months from purely segregated accounts (NO deposits from Spouse A into B's account), then Spouse A can have the mortgage excluded from DTI. Big con is you have to wait a year.

Go to your local REIA, ask who is doing their loans. It'll be someone that can/does count rental income aggressively to make the math work. TLDR is that if the math is done right, and you're buying cashflow positive real estate, your DTI should actually improve over time. All my 5% and 15% DTI people have 7 or 9 properties.