conversation: User (throwawayPF1234): "Throwaway because my friends know my main account username.  A good friend of mine is planning on purchasing a place with his girlfriend.  He has very good income but bad credit; she has good credit but very little income.  They want to combine their resources to get approval for a house.  The way he explains it to me is that their names will both be on the title to the house, but only her name will be on the mortgage.  \n\nUp until very recently, the two were planning on getting married.  However, now some cracks have developed in the relationship and the possibility of separation has been raised.  My friend has also explained that in the event of separation, his GF agreed to move out of the house if he would handle the entire mortgage.  He still wants to move forward with the house with the intention of paying the whole mortgage if that occurs, because he thinks it's a good investment and he likes the place.  \n\nLet's assume that in the event of separation, she will willingly move out and my friend will start paying the entire mortgage.  I'm fairly certain this is still a bad idea even if the house does appreciate, but I'm trying to compile a list of reasons why.  As you can surmise, he's a bit headstrong sometimes but is open to listening to a well-reasoned argument.  \n\nThanks!"
  Self: "Usually a bank will want one of them to have both a good income and a good credit report.  If one of them has a good income and the other has a good credit report, they will probably not approve the loan.\n"
  