Remove As-is Remove Debt-to-income ratio Remove Tenancy in common
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4 Crucial Questions To Ask Your Partner Before Buying a House Together

Realtor.com

How much debt do you have? If you haven’t done so already, now is the time for each of you to come clean about any debt you may have, since that can make or break your ability to get approved for a mortgage. One of the things mortgage lenders look at when you apply for a home loan is your debt-to-income ratio.

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Buying a House with a Friend: Pros, Cons, and Key Considerations

Redfin

Whether you’re looking for a home in Eureka, CA , moving out of your apartment in Boulder, CO , or upgrading from your rental in Madison, WI , this Redfin article covers the pros, cons, and common questions about co-ownership. Can you buy a house with a friend? Absolutely! It’s not just the mortgage you’ll share.

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Is Co-Buying a Home Right For You?

Windemere Buying

Just like a traditional home purchase, lenders use the buyers’ debt-to-income ratios and credit scores to determine their mortgage eligibility and formulate the terms of their loan. Tenancy in Common (TIC) When co-buyers hold a title as tenants in common, shares of the property can be divided equally or unequally.