Ex spouse still has me on his mortgage

[Anonymous]

Ex spouse still has me on his mortgage after 3 years. He was late several times and has not been on time for 14 months. He says that he hasnt been able to refinance due to not being on time. He says that he has to stay current for one year in order for a bank to refinance him, which he has been now. My question is, besides his late payments hurting my credit score, is just the mere fact of me being on his mortgage causing me to have a higher debt to income ratio hurting me as well?

[Anonymous]

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@Anonymous wrote:

Ex spouse still has me on his mortgage after 3 years. He was late several times and has not been on time for 14 months. He says that he hasnt been able to refinance due to not being on time. He says that he has to stay current for one year in order for a bank to refinance him, which he has been now. My question is, besides his late payments hurting my credit score, is just the mere fact of me being on his mortgage causing me to have a higher debt to income ratio hurting me as well?

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Yeap the mortage is raising your DTI ratio.

[bettercreditguy1]

Yes, any financial instrument that you are a joint applicant or a guarnateer (as a minor or somebody with less than stellar credit),  you must include them as a liability on your financial statements as well.

[RobertEG]

+1

Legally, you have yourself on the loan.

Creditors wont care that you are divorced, they will pursue both as jointly responsible.

[pizzadude]

+1. You're still liable for the loan but the balance will not have any serious impact on your FICO score. Installment loan utilization is weighed much less significantly than revolving utilization.