Effect of two mortgages on credit file

[CS800]

My fiance and I are thinking about merfing thigns together.

I already have my mortgage but the discussion is whether it would be wise to add myself to her mortgage. It is my idea but i want to see what effet this would have on my credit.

This would mean a new mortgage showing up on my file . What are the repercussions ?

Score drops? CLD's?

[FSFdoppleganger]

@CS800 wrote:

My fiance and I are thinking about merfing thigns together.

I already have my mortgage but the discussion is whether it would be wise to add myself to her mortgage. It is my idea but i want to see what effet this would have on my credit.

This would mean a new mortgage showing up on my file . What are the repercussions ?

Score drops? CLD's?

---

You can have your name added on the title by doing a "quit claim deed" and unless you are refinancing her mortgage to add your name, it won't be reflected in your credit report. 

[emptypockets]

I have two mortgages on my reports, and have noticed no real difference in scores. I think the main issue with adding another installment loan is how close the balance is to the financed amount.

[DallasLoanGuy]

i have dealt with investors with mutiple mortgages.... no big boost have all those mortgages