Do I need to sign a promissory note to build a credit history through mortgage? (loan, approval)

[egg2010]

My husband and I are purchasing a home in Brooklyn, NY. Since I am a full-time mom, we are planning on applying for the loan under my husband's name (only).

My husband will be on the loan application, deed, mortgage, and note. My name will be on the deed and mortgage. In this set up, will I be able to build a credit history through this mortgage? Or will it be solely my husband's record since I am not signing the note?

[Swil]

Only his credit is involved. The "Note" is the mortgage. Sounds like your name will only be on "title" (deed) of the home. Doesn't sound like your credit will be in any part of the deal. The only way you would build credit is if you were also on the loan application, your credit was "run" and your income and FICO score was included in the process of approval of the finance.

[Bluecielos]

Swill is correct -but even though you are a stay at home mom you can still be on the loan, they would just need a little more paperwork. They probably left you off since you have no income, but you could ask to be put on if you want the mortgage to show up on your credit report.