Latest / Mortgage Research Network Podcast
Marrying Up—or Down? How a Low-Credit Spouse Can Cost You $63K
Tying the knot shouldn’t tie your finances in knots—but a partner with a sub-640 score can tack on an extra $437 per month (over 12 years!) and drive up homeownership costs by over $63,000. In this eye-opening episode, Tim Lucas and Craig Berry dive into the data behind “low-credit spouse” penalties and share strategies to protect your mortgage application. You’ll learn:Where the Costs Come From: How lenders use the lower score, and why mortgage, homeowners, and PMI premiums spike for low-credit borrowersRegional Impact: Why affordable markets like Memphis (+30.2%) and Detroit (+29.9%) see…
The skinny
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