One loan, one borrower, despite it being a couple.

One spouse’s high debts, low income, or poor credit history could kill a mortgage deal. So the other spouse may want to go solo on the home loan.

Here's sage perspective and a bevy of facts from Wall Street Journal staffer Anya Martin, who seems to understand tactics for dealing with real-life complexities, such as a spouse with a dubious credit past, especially as regards jumbo mortgage loans. Martin writes:

When a mortgage qualification involves co-borrowers, lenders use the lowest credit score among them to determine the rate, Mr. Walsh says. The threshold for the best jumbo-mortgage rates usually is a score of 740, but some lenders may want 760 or higher, he adds.

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