How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Rakhi Vasavada Your Own Question
Rakhi Vasavada
Rakhi Vasavada, Financial and Legal Consultant
Category: Finance
Satisfied Customers: 2608
Experience:  Graduated in law with Emphasis on Finance and have have been working in financial sector for over 12 Years
43581946
Type Your Finance Question Here...
Rakhi Vasavada is online now
A new question is answered every 9 seconds

The house my wife and I live in is just in my name. On a

Customer Question

The house my wife and I live in is just in my name. On a financing application just for my wife, can she claim $0 for a house payment/rent to lower her calculated debt to income?
Submitted: 1 year ago.
Category: Finance
Expert:  ABC Accounting Group replied 1 year ago.

Yes. However, make sure it is not on her credit report. Also - they will probably ask if she rents or owns on the application, though.

Customer: replied 1 year ago.
It is not on her credit report. Which box should she check? Can she claim to rent or own with a $0 payment?
Expert:  ABC Accounting Group replied 1 year ago.

The reason why I am asking about the rent or own - they may ask if she is paying anything toward the house - does she contribute towards the mortgage - then I would select rent and put in her $ amount. Hope this helps.