My wife and I currently own a home and finance two cars. We each have one car completely in our name and are co-borrowers on the house. I am about to trade in my car, and the interest rate will be better if she cosigns on the car.
If we wanted to buy another house, would the fact that she co-signed on this affect our ability to get the next house any worse than had I signed on my own?
This assumes no missed payments on the car, I just want to know if my wife co-signing this loan affects our borrowing power, when the income debt ratio for the household is the same.