Hi, all! We are hoping to refinance our home at a fixed rate and we're filling out an application for Wells Fargo - what I'm wondering is if we should fill it out with just my husband's info. on it or if we should include me as co-borrower, as it is on our current mortgage, which we've had for 8 years. The thing is, my credit is not as good as his. My credit score itself is pretty good - 732, I think (my husband's is 785), but I have a LOT of debt, and a couple years ago I had some late payments (on a medical bill and on a couple of store credit cards - I know, dumb) that led to my big credit card companies lowering my limits and/or raising my interest rate, even though I had never had a late payment for either of them. So for about a year my credit score hovered in the high 600's. It's back up now, as I said, but if I put my name on that application they're going to run a credit report on me and see all this stuff that's less than 3 years old. We've never had a late payment on our mortgage, or car loans, or anything else. My husband is by far the primary bread-winner. I have a part-time job working from home but I only bring in 3-500 a month before taxes. It would be good to include that income on the app., but at the same time I wonder if we risk not getting the great interest rate if we put me on there.
Anyone have experience/expertise on this? Thanks so much!