Sunday, September 19, 2010

Open Question: How to get a loan with Joint Ownership?

Because there are so many opportunities discover there with the start of the market, I'm hunting to verify advantage. I am 23 and currently a flooded instance student, and haven't worked in a year, so effort a give is not possible, but I do hit most $125,000 in savings. My discourse is this: What if I were to do a Joint Ownership with my father? He crapper easily intend a loan, but I'm not trusty how obtaining a give for Joint Ownership works. I would be putting downbound the downbound payment, but he would be stipendiary the mortgage. It module be most 8 months before I'm employed again, still I crapper counterbalance the payments until then. So crapper my ascendant verify discover a give on a bag in render control with me, modify though I currently hit no income? Can he then designate control to me, but how would that impact with the loan? I'm hunting for a bag low $250,000. Is there added method that strength impact better or if you hit some suggestions or advice, that would be great. Thank you.
Equity Home Loan Texas

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