can more than two people be on a mortgage loan, and if will everyone's credit report be pulled? My dad wants to buy a home and he want his name, my step-mom's name and my name on the loan.
Yes, 3 people can be on a loan but the lender will check each person' credit report on the loan. Please check with a real estate attorney as how to hold title with your dad and step-mom, very important.
Olivia's answer above is absolutely correct. Do not confuse "who is on the loan" with the method of taking title. You should absolutely consult a real estate attorney as their are many legal and tax implications regarding how the property will be passed on down the line in the event of divorce or death.
For more information and tips on Mortgage Loan Brokers Guide visit, http://mortgageloanbrokers.com
A mortgage loan is a loan secured by real property through the use of a document which evidences the existence of the loan.
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