Redfin

JUNE 10, 2025

Impact on your debt-to-income ratio (DTI) : Even though splitting the mortgage with your friend can save you money, lenders will see the entire mortgage obligation as your sole responsibility. You’ll not only be sharing a living space with this person, but finances and responsibilities as well.

Purchase and sale agreement

Realtor.com

FEBRUARY 11, 2021

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. PMI ranges from about 0.3%

Debt-to-income ratio

Windemere Buying

JULY 19, 2021

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.

Tenancy in common