Posted on: 06th Aug, 2013 12:59 am
We are a married couple. Both of us have good job and income. Our credit scores are also quite high. In such a situation, will we be able to buy two separate homes in our individual names? Do we need to mention each other on the loan?
Hi Guest,
Both of you will be able to purchase two separate homes in your name. However, both of you can have 1 primary residence. Thus, you will have to clarify it to the lender as to what type of homeownership will it be for the second property - 2nd home, investment property or owner occupied.
Take care
Both of you will be able to purchase two separate homes in your name. However, both of you can have 1 primary residence. Thus, you will have to clarify it to the lender as to what type of homeownership will it be for the second property - 2nd home, investment property or owner occupied.
Take care
Welcome Guest,
I agree with what Sara has said. One of the properties have to be your primary residence and the other one has to be an investment property. Now both of you will have to decide as to which property will be the primary residence.
I agree with what Sara has said. One of the properties have to be your primary residence and the other one has to be an investment property. Now both of you will have to decide as to which property will be the primary residence.