Mortgage & Title, one spouse vs both spouses

In louisiana, not a ton. Community debt.

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Effects of 1 spouse - credit report/score may be different. Not sure if it will be better or worse for either. There may be some consequences during divorce depending on how the property is acquired (w/ separate property or not). It's slightly cheaper for foreclosing creditor to foreclose and possibly easier because they only have to get service on one spouse.

Liability - separate or community debt it can be satisfied from community property (so income from either party). If its separate and there is a pre-nup of complete separateness I fairly certain the non-signing spouse would escape liability.

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Do you think its beneficial to keep one spouse on the mortgage to free up credentials for securing other personal loans later... like auto loans?

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In my opinion you should keep her off the note because it will help her DTI if you two want to borrow in her name only later on. Also, in the event that something goes horribly wrong and you have to default, only your credit gets obliterated.

I imagine putting her on the title will make succession/probate easier in the event of your death, but I don't know to much about pros/cons of including the spouse on the title. My wife and I have always owned everything jointly FWIW.

Well obviously you are pre-approved... AutoYes Clown.

Makes no difference but can improve her credit to have the house on it. Or hurt both you if you default. If you get divorced it doesnt really matter. I would have her on it no matter what.

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most probably means she does have an income though.

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Yeah that was my assumption.

That's a good point about the positive effect on her credit report. Having a mortgage in good standing in addition to whatever else she has would help so it could be a wash. I suppose it comes down to whether or not they have plans to do additional borrowing in the near future.