Originated From
 AOL Search

Posted by Cher 4 years ago In:

Cher
Cher Asked:

Mortgage loan

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.

Liked this question? Tell your friends about it

4 Answers

Order by
Oldest to Newest
Newest to Oldest
Votes
olivia solomon
olivia solomon Answered:

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.

Add a comment Report
garizonaproperties
garizonaproperties Answered:

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. 

Our motto is "Exceeding Your Expectations" and we strive to do just that.
Add a comment Report
k00lit
k00lit Answered:



For more information and tips on Mortgage Loan Brokers Guide visit, http://mortgageloanbrokers.com

Add a comment Report
florin67
florin67 Answered:

A mortgage loan is a loan secured by real property through the use of a document which evidences the existence of the loan.


Source:

http://www.mortgagesalesblog.com/

Add a comment Report

Related Questions

Other people asked questions on similar topics, check out the answers they received:

Anonymous

Asked: Home Loan/Mortgage Loan

Recommendation for a hard earning Singaporean?
  • Posted 17 days ago
Anonymous

Asked: Wells fargo loan for paying mortgage difference ...

wells fargo loan for paying mortgage difference and selling price
  • Posted 4 months ago
leftymtz

Asked: Jason tong mortgage loan officer

jason tong mortgage loan officer

More Questions

Can I refinance my primary mortgage after nonpayment of mortgage on

The simple answer is NO every product has waiting periods after a short sale. It doesn't matter if it was an investment property, primary or second. Although a short sale is not the end of world FHA requires 3 years out and conventional requires 4 years. Credit score and reason for the short sale ...

Mortgage loan

A mortgage loan is a loan secured by real property through the use of a document which evidences the existence of the loan. Source: http://www.mortgagesalesblog.com/

Mortgage loan

Learn about home loans and mortgage refinancing. Also, find out why FHA loans are the most popular mortgage available. http://www.mortgagesalesblog.com/

Mortgage Life of Loan History

Well, they type of loan you are looking forward will have different terms and conditions for individuals, for example most people who avail payday loans belong to the lower echelons of society, payday loans are also offered to average and rich people. In fact, there are a number of average to rich ...