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Is Co-Buying a Home Right For You?

Windemere Buying

Co-buying a home is an alternative approach to homeownership where two or more individuals purchase the property together and take on a joint mortgage. 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.

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4 Crucial Questions To Ask Your Partner Before Buying a House Together

Realtor.com

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.