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what are the pros and cons of holding a mortgage for a married child in Washington State?

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crazbird Joined: 06 Oct 2010 Posts: 1 1.00 Dollars($)	Posted: Wed Oct 06, 2010 9:42 am    Post subject: what are the pros and cons of holding a mortgage for a marri Like 0 Dislike 0 What are the pros and cons of buying a home for a child and holding the mortgage in Washington State?
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Wed Oct 06, 2010 10:15 pm    Post subject: Like 0 Dislike 0 Hi crazbird! Welcome to forums! A person below 18 years of age will not be able to get a property in his or her name. So, if your child is below 18 years of age, then you'll have to buy the property in your name. You will also have to carry the mortgage. If you already have a mortgage in your name for some other property, then you won't be able to get a mortgage. Feel free to ask if you've further queries Sussane

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