How can a mortgage loan be structured for three people?
I am looking to purchase a house with three people. One will pay their portion in cash and the other two will finance. All three will be on the title but only the two that finance will be on the loan. Is this possible? What if the person who pays cash already owns a home and this would become their second home?
Public Comments
- Sounds like a recipe for disaster. WHY would you want to do that?
