Who can be on the paperwork to own the house? If my spouse/significant other isn’t on the loan can they be an owner of the property?
Anyone can be a joint owner of a property and they are not required to be on the loan application.
Only the person applying for the mortgage will appear on majority of the documents. If there is an owner of the property who is not on the loan application, they will still be required to attend the closing and sign a few documents to acknowledge the fact that a new lien is being placed on the property.
- Do you offer mortgages?
- Can I use income from a second job to qualify for a mortgage?
- Are there any prepayment penalties charged for these mortgage loan programs?
- Should I perform an APR comparison to decide who offers the lower rates and fees?
- What should I consider when deciding whether to lock my interest rate in?