is there any benefit to adding my wife to my mortgage deed

In general.. If she's on the loan, she would be on the deed... if she not on the loan, then there is a benefit by adding her to the deed. But the benefit is hers not yours.. She would have ownership in the property, but without the liability for the loan.. that is "Contractual Obligation" meaning she didn't sign the loan papers obligating her to the loan.. but because your in a "Community Property" state, she would have ownership rights, but only if the home was purchased while you were married and she did not sign a "disclaimer deed" which is her waiver of ownership rights given to her by community property laws.. As you can see this is not an easy question to answer without knowing some very important details of your scenario. If you want a accurate answer to your question, you should contact a local real estate attorney or maybe even a local title company, and provide them with the full details of your scenario.. they would be able to answer your question accurately. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Only if state laws are such that it will. What I mean is knowing your state laws regarding home ownership for you and your spouse would determine whether or not there is a benefit. Speak with a real estate attorney, accountant or financial planner or all three to see if there is a specific benefit.Call us or email us at 201-962-3555 or Team@BestMortgageOption.com for ano cost no obligation analysis of your situation ask for Michelle or Benny. We will find the Best Mortgage Option to suit your needs! Check us out at www.BestMortgageOption.comAsk us about the awesome discounts we offer heroes as a Homes for Heroes affiliate!

that is a very broad question. If you and your wife apply for a home loan together then we will look at both credit scores, both credit histories and both incomes in qualifying you. If your wife has a low credit score then you may want to leave her off the loan application butt hat means you do not get to count her income in qualifying and as a bonus you do not have to look at her debts either if you are getting a conventional loan. If you get a government loan (FHA, VA or USDA) then you can leave her and her income off the loan and you don't have to look at her credit score but...... the lender does have to pull her credit and include her debts as part of your overall debt ratio.There are certain things that can't be avoided on any loan. For instance if your wife owned a home by herself that you were not on title to or on the loan and it was foreclosed upon while you guys were married and living there, that would be counted against you and prevent you from being approved because you enjoyed the benefits of the home and you are married.There are other issues but I tried to cover the 2 most popular issues. You can call me at (707) 347-9250 if you want to discuss further. I handle loans in CA only.

It depends on her credit and income, if this is a purchase. If the mortgage is already in place, you can only add her to the ownership title, not the mortgage.

In general.. If she's on the loan, she would be on the deed... if she not on the loan, then there is a benefit by adding her to the deed. But the benefit is hers not yours.. She would have ownership in the property, but without the liability for the loan.. that is "Contractual Obligation" meaning she didn't sign the loan papers obligating her to the loan.. but because your in a "Community Property" state, she would have ownership rights, but only if the home was purchased while you were married and she did not sign a "disclaimer deed" which is her waiver of ownership rights given to her by community property laws.. As you can see this is not an easy question to answer without knowing some very important details of your scenario. If you want a accurate answer to your question, you should contact a local real estate attorney or maybe even a local title company, and provide them with the full details of your scenario.. they would be able to answer your question accurately. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

This is a very complex question, which may need further work, than can be accomplished here. Much of it will depend on several things in you and your wife's situation. You should probably contact an attorney that handles wills and estates, to determine how that aspect might be changedif you should do this. You may also want to check with your tax accountant as to any impact that change might have in that area.

I think William hit the nail on the head.

William is spot on.

In general.. If she's on the loan, she would be on the deed...

There's definately a benefit with a Reverse Mortgage, but she can't be added after the loan funds. She'll need to be included in the mortgage to be on the Deed.