If you and your spouse are buying a home together, it makes sense that you will both be on the mortgage as owners. Your combined income will mean you can be approved for more, and both parties are protected in case of divorce. However, there are certain instances where only one partner should apply.
If one partner is a liability and could end up causing a higher interest rate, it may be in both of your interests to leave them off. Check out this post by Gretchen Lindow at the Magnify Money Blog for when you should leave your spouse off the mortgage application:
-One partner has credit problems: low credit, no credit, identity theft, or a large amount of debt.
-One partner has low income, does not have 2 years of W2’s, etc.