There’s always something to howl about.

Ask the Mortgage Broker: On Title But Not On the Loan?

This came in today:

My Mortgage Broker told us; because of my low credit score (Low 600) and my husband’s higher score (High 600) — he wants to not include me on the mortgage, but put me on the title as a owner. This would mean the mortgage will not show up on my credit.

Can this work? If so, what are the pros and cons???
That sounds completely plausible. I would caution you that your addition to title is most likely post closing. If so, your husband would be technically violating the loan covenant he signs with the lender. It’s not a violation that is going to end him up in jail. A technical violation could result in default, which could start the foreclosure process.
Your husband on the loan (and title) will most likely give you a loan with better terms, Excluding you from the loan may be the best option at this time. My advice would be to proceed with the mortgage broker’s recommendation, attack and cure the issues which affect your credit score, and petition the lender to add you to the loan at a later date.