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Yes this will affect your debt ratio. But if you are committed enough to be comfortable pruchasing a home together than why the hesitation about the car needing to also be a joint venture? If the two of you are ready in your life together to become a partnership financially than there should be no problem with future purchases. Think very carefully about whether you are buying this home together because you are ready to or if you just want your name on the note to protect your interest in the place and you will have your answer. Also keep in mind that you can still be a title holder without being on the mortgage itself, that way you are legal owner of the home and the mortgage payment does not show on your credit.

I wouldn't be so concerned with the car as I would be the partnership. Life happens, things change, what if the partner wants out in 3 years? Will you be able to afford this then? You need to tread very carefully here, there are questions every day about how to get a partner or spouse off of a loan or title. You better be damn sure about this partnership, or both appear before an attorney and get documentation drafted as to how the property will be split if the partnership dissolves. As far as the car payment goes, yes, it will show that you are a co-signor for a mortgage debt and this will be factored into your credit score and the total debt your responsible for when applying for a car loan

if you do this, and most of us think you should not;

do these two things to protect you:



a; write up an agreement between partner

and you, covering every little thing you can think of! The small things get in the way the most!



b; agree on a mediator who will

"solve" your mutual disagreements

and who will provide routes to "getting along."



Courts require this for family squabbles

and in litigation, for biz;

they are call arbitration hearings.



Make sure the mediator accepts.



then, on anything more than

"your toothbrush was left out..........."

call the mediator.....

Hey Smiley Great idea, know what U mean. Thats my plan. Theres hot young home less girl walking the street. Shes staying on benches in town. Wood do 4 my bed. I mean home. May get SSDI like me. May b not just SSI.

I would walk away from it because as stated, if your partner walks out, you're in a real bind that could effect your credit forever.