Compare Mortgage Quotes

Guest

Hello. My father is going to be the co-borrower on a house I want to purchase in Washington, DC. His name will be on the loan. Does his name automatically have to be on the deed or can it just be my name when we first purchase the property? Thanks.

gmakerley · Posted: Wed Aug 19, 2009 12:21 pm Post subject:

it should be set up with you as owner and borrower, and your dad as non-occupant coborrower (loan only). then it's your home.

Guest

Thank you. I'm going ask my lender about this option. They made it seem like it was a must that my father be on the deed.

gmakerley · Posted: Wed Aug 19, 2009 1:26 pm Post subject:

let me add this...i guess i took it for granted you're trying to do this as an fha loan. if it's conventional, that's another story, i think.

Guest

My husband is the borrower for a home we are purhcasing. Does my name "his wife" will be included in the deed also even if I'm not a borrower?

adonis · Posted: Tue Oct 06, 2009 10:41 pm Post subject:

Hi amart,

You can include your name in the property deed while your husband is purchasing the property. It is not mandatory for you to be on the mortgage. If your name is on the property deed, then you would be considered as a co-owner of the property.

Guest

im trying to buy a house but my gredit is not good enough but my uncle who have excellent gredit trying to co borrow me but the lenders keep telling me that i have to have good gredit from to do that . is there another way we could do it ?

gmakerley · Posted: Tue Feb 01, 2011 5:08 pm Post subject:

Yousef, it would appear that the lenders you've spoken to are telling you that your credit is unacceptable at this time. You'll need to rehabilitate your credit, or begin over or something, in order to bring your score up to a reasonable level. Your uncle is nice to help out, but it won't do him or you any good if he is the only one qualified to take a loan.

Company	Loan Type	APR	Est. Pmt.
				Go
				Go
				Go
				Go
				Go
				Go

Property State:
Property Type:
Credit Rating:

All times are GMT - 7 Hours

Page 1 of 1

Compare Mortgage Quotes

Co-borrower and deed