Is it better to be married when applying for a mortgage?
We have 'excellent' credit scores and everyone we have talked to has told us they don't know why we werent eligible since this particular program, almost everyone is eligible for.
Our mortage lender told us it has to do with our debt to income ratio, too many open accounts, student loans, etc. But all our friends have the same type of payments, even more. My fiance thinks that because, on our application, we put that we are 'single', and that is why we were'nt approved for it. Does anyone know if this makes sense at all?