This is a very common scenario when one spouse has good credit and the other has bad credit. One possible solution is to have your mortgage professional or mortgage broker look into doing the loan in only the name of the spouse with the good credit. This may help qualify you for the best mortgage available by doing the financing in the name of only one spouse. Both husband and wife will still be on title to the home and have ownership interest in the home, except only one person will be on the actual mortgage loan. Ask a mortgage consultant (mortgage professional) about this option to see if it may be an option for you.

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