Is calculating two incomes risky when applying for a mortgage?

With out knowing your specific situation, it's difficult to give you any advice. Your best bet is to talk with a qualfified mortgage representative.

Not really! It depends how sure you both are about your jobs/incomes! Best is to talk to an honest and knowledgeable mortgage broker.

Would you be in dire straights and not be able to afford the mortgage if you lost one income? If so.. then use only the one income to calculate MAX mortgage for approval. Safe is better than being Sorry.

Jas

No, most often you need two incomes to qualify,but best to talk to your mortgage broker

You would have to be more precise on what income you want to include when applying for a mortgage. Talk to your bank or mortgage broker, they will be able to provide you with all the information you need.

calculating isn't risky, it's the re-payment that can be risky. Once you get the pre-approval done make sure the monthly payments for your mortgage are within your comfort limits.

Calculating a mortgage based on two incomes is not difficult. It is very common and any mortgage professional will easily guide you htrough this process.

No. it's not risky, but every situation is different, so without knowing all details, it's difficult to provide a good answer.

No not at all. Contact a mortgage broker who will give you they payment structure you are most comfortable with.

Hi there,

It would be helpful to know more about your circumstances both financially and credit history wise. As well, how much down payment will you be putting down?

I know its been about a year since you've posted your question and I recently joined this site of 'Pros', but in case you're still interested to know, my suggestion is to contact me directly so we can consult about your specifics.

GENERALLY speaking, the higher your income is the larger of a mortgage you can get approved for.