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LuckTrain85 OP t1_iui2dme wrote

Reply to comment by 93195 in Will I need my wife to co-sign on an auto loan? by LuckTrain85

Thanks for the input! My wife has excellent credit and a reasonable income for the car she was buying. I just happen to make significantly more and our mortgage payment (which she is a co-signer on) would not be sustainable for her to take on alone plus her auto loan from the viewpoint of creditors. Without me in the picture, it looks as if she's paying most of her income to debt.

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93195 t1_iui5cmx wrote

Yup. So adding someone who already appears to be paying most of her income to debts doesn’t help you or the bank.

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LuckTrain85 OP t1_iui6ft6 wrote

Ahh that's interesting. I think I was looking at it in a different way -- as her additional income (and lack of additional debts) would provide a more favorable DTI. Thank you.

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