Joint Mortgage Question

Joint Mortgage QuestionJoint Mortgage Question
subzopokatuff asked 4 years ago

So I have a quick question hopefully someone that is familiar with joint mortgages can help.

 

I wanted to know if joint mortgages will report on both party’s credit reports?

 

The reason I ask is because I am a 20 year old college student with a pretty good fico score (788) and I wanted to get into the real estate business, buying and renting out houses. I currently have no income on the books and wouldnt be approved for a mortagage on my own. My father is graciously willing to apply for the loan with me as either a cosigner or as a joint applicant.

 

Because I have no income and only be basing my creditworthiness solely on my credit score would they even report the mortgage to the bureaus.

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