Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
who is on mortgage loan?
my husband and I are buying a condo for his parents. His parents don't have credit history in US. we both have good credit scores.
My questions is to get a lower interest rate of the loan, shall we put either my husband or I (whoever has a higher score), or both my husband and I, or his parents and us on the mortgage loan?
If we don't put his parents on the loan, can we still put them on the title and they can get senior and home owner exemptions?
1 Answer
- HEATHERLv 61 decade agoFavorite Answer
1. You can not lie on the application for the loan to say you will be living there. To do so is committing fraud.
2. Only the people on the mortgage (you and hubby) should be on the deed to protect yourselves.
3. If his parents are not on the mortgage, no exemptions.
