Does saving matter a lot when applying mortgage and loan ?
I want to transfer most of my saving into my wife’s personal account (not joint account) and keep only 10k under my name.
We would probably buy a house under joint title soon. And I would probably be the primary one to apply for mortgage as I have higher salary than her.
Just to ask if it matters if I keep only 10k in my personal account ? Or the bank only cares my credit score and gross income when considering my application ? I may also want to buy a car soon, does that matter for car loan too ?
also what if I put my money into a joint account whose primary owner is my wife ?
Does bank treat that account same as one under my name only?