Posted on: 15th Jan, 2010 11:15 pm
my fiance and I are starting the process of buying a house. We've decided that the mortgage will be in his name and I will be on the deed. what do we have to do to have it done this way?
Hi Guest,
If the home loan is going to be in your fiance's name, he will have to be on the property title. But if you do not want to take the mortgage responsibility, you do not have to sign on the mortgage note. You can buy the property in both you and your fiance's name. If your fiance has good credit and sufficient income to qualify for the mortgage, you do not have to be on the loan.
If the home loan is going to be in your fiance's name, he will have to be on the property title. But if you do not want to take the mortgage responsibility, you do not have to sign on the mortgage note. You can buy the property in both you and your fiance's name. If your fiance has good credit and sufficient income to qualify for the mortgage, you do not have to be on the loan.
>>what do we have to do to have it done this way?
You're unable to do it that way. Whoever is on the mortgage note must also be on Title.
You're unable to do it that way. Whoever is on the mortgage note must also be on Title.
