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Can You Get a Mortgage if Already on Another Mortgage?

I am divorced but still on the mortgage for the house that my ex-wife lives in, even though I no longer live in the home. Can I get a new mortgage to buy a home even if I am already on another mortgage?

Harry Jensen, Trusted Mortgage Expert with 45+ Years of Experience
, Trusted Mortgage Expert with 45+ Years of Experience

As long as you remain on the mortgage on the house in which your ex-wife lives, you are responsible for the monthly mortgage payment even though you no longer live in the property. If you apply for a mortgage to buy another home then the monthly payment on the home that your ex-wife lives in would be included in your debt-to-income ratio. But as long as you qualify for a new mortgage based solely on your financial and credit profile (after taking into account the monthly payment on the existing mortgage), you should be approved for the mortgage. In short, you must earn enough money to afford the mortgage payments on both the home your ex-wife lives in and the home you want to buy, as well as your monthly debt expenses such as credit card and car loan payments and any child support or alimony payments. In this scenario, the property that you buy with the new mortgage would be considered his primary residence. Please note that if you refinance the home your ex-wife lives in and the put the mortgage in only in her name, then the monthly payments for that loan would not be factored into your debt-to-income ratio when you apply for a mortgage.

Finally, we always recommend that you contact multiple lenders to understand how they would handle your unique situation. You can compare lenders in your area by clicking INTEREST RATES We advise you to contact at least four lenders as qualification requirements can vary. Plus, comparing lenders is the best way to save money on your mortgage.

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About the author

Harry Jensen, Mortgage Expert

Harry is the co-founder of FREEandCLEAR. He is a mortgage expert with over 45 years of industry experience. Over his career, Harry has closed thousands of loans for satisfied borrowers and now offers his advice and insights on FREEandCLEAR. More about Harry

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