Folks am buying an investment property, I earn much more money than my wife so in terms of tax deductions better as I understand it to have it in my name only for tax purposes. However for the purpose of the loan size I need my wife's income to be included as income for the purpose of the loan
What I am asking is, Can I set it up so that its in both our names, loan wise, but my name only is on the title, if that's right.
What we want to be able to do in application is for both our incomes to be used to support the size of loan but we would prefer that my name be the only name for the purpose of taxation.
I hope I sound clear enough.
thanks
What I am asking is, Can I set it up so that its in both our names, loan wise, but my name only is on the title, if that's right.
What we want to be able to do in application is for both our incomes to be used to support the size of loan but we would prefer that my name be the only name for the purpose of taxation.
I hope I sound clear enough.
thanks