who is best for primary borrower or co-borrower?

[Anonymous]

Wife and I would like to know who would be best to be the borrower and co-borrower?

Wife...Has better credit score but low income, however stable job and secure

husband (Me) has good credit (but wife is better) but have more income (double than wife)..

Would it make a different in term of interest rate? who would be best for primary borrower and why?

Thanks

[cartwrna]

It would not make a difference who was primary. The interest rate will be based off the lower midscore between you and your significant other. Hope that helps

[ezdriver]

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@Anonymous wrote:

Wife and I would like to know who would be best to be the borrower and co-borrower?

Wife...Has better credit score but low income, however stable job and secure

husband (Me) has good credit (but wife is better) but have more income (double than wife)..

Would it make a different in term of interest rate? who would be best for primary borrower and why?

Thanks

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Makes no difference to the lender as both are fully obligated to repay the loan. Lower of your two middle score and combined income/DTI will be used by lender to determine your qualification for the loan for which you apply.

[DallasLoanGuy]

i have always put the highest paid borrower first, and the other is the coborrower.

dont remember who told me that or why but have been doing it for 10yrs and have never had the subject come up since.

and it doesn't matter if you are on the left side or right side of the application. you are equal applicants