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Discussions tagged with 'Hoq Lenders View Joint Accounts in Debt-To-Income Calculations'
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How do mortgage lenders treat joint accounts when calculating debt-to-income ratio on mortgage loans? For example, a married couple having two newer high end vehicles financed: One vehicle is a brand new vehicle purchased in 2025 Chevrolet 4×4 Suburban with a monthly payment of $978.00 per month and an auto loan balance of $60,000 and the husband and wife both are on the auto loan, and the second vehicle is a 2024 Ford Raptor pickup truck with both the husband and wife on the auto loan with a balance of $90,000 and a monthly payment of $1,400 per month. Will the mortgage underwriter count both automobile two times since they are borrower and co-borrower? What solution is there to fix this issue to count the vehicles one for the husband and the other for the wife and not count it twice. Thank you.
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