Posted: Wed Aug 19, 2009 12:11 pm Post subject: Co-borrower and deed
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.
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. _________________ George M. Akerley
Loan Consultant
860-221-5044
PeridotDiana Guest
Posted: Wed Aug 19, 2009 1:22 pm Post subject:
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.
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. _________________ George M. Akerley
Loan Consultant
860-221-5044
amart28 Guest
Posted: Tue Oct 06, 2009 2:32 pm Post subject: deed
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?
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. _________________ Procrastination is the enemy of your financial sucess
gmakerley
