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Real Estate Home Mortgages/co-own a home
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Question
My friend and I are thinking to buy a house in CA together, therefore the house will be under both of our names. We are thinking to rent the house out and she will be the one manages the property. But 100% of the mortgage will be under my name. what kind of risk I am having?
Hi Lisa,
If I'm reading you question correctly, then you are taking on all of the risk. If the mortgage is under your name, and something should happen to your partner, you are the one that is legally responsible for the payments. I am also located in California, and am happy to go over your situation with you. Please call my office at 800-785-4952 for a free-no obligation consultation. Good Luck!
For FREE California mortgage information, please visit http://www.findmyloanonline.com
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About Real Estate Home Mortgages
This topic answers questions related to purchasing a home, owning a home, home ownership, mortgage education, mortgage applications, and mortgage needs whether buying a first home or refinancing a current loan. Issues related to home ownership, home equity, mortgage education, refinacing options, home improvment finacing, first time home loans, home equity loans, vactation home loans, and mortgages for investment homes are dealt with here also. Though not the primary focus of this topic, Home Equity Lines of Credits (HELOCS), reverse mortgages, and calculating home equity may also be asked. If you do not see your home mortgae, home finacing, or home equity question answered in this area then please ask a question here
This topic answers questions related to purchasing a home, owning a home, home ownership, mortgage education, mortgage applications, and mortgage needs whether buying a first home or refinancing a current loan. Issues related to home ownership, home equity, mortgage education, refinacing options, home improvment finacing, first time home loans, home equity loans, vactation home loans, and mortgages for investment homes are dealt with here also. Though not the primary focus of this topic, Home Equity Lines of Credits (HELOCS), reverse mortgages, and calculating home equity may also be asked. If you do not see your home mortgae, home finacing, or home equity question answered in this area then please ask a question here
Real Estate Home Mortgages
Answers by Expert:
Joe Almirantearena
Expertise
I can provide all the mortgage information you need to make an informed decision about obtaining a mortgage in California.
Experience
I've been working in the Mortgage industry for ten years, helping people throughout California, with all types of credit, employment, and rental histories, secure home financing for purchase and refinance. I have dedicated my website to provide FREE mortgage and real estate information to California residents. Visit http://www.findmyloanonline.com
Publications
Fresno Famous
Education/Credentials
California Department of Real Estate
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