Remove Debt-to-income ratio Remove Purchase and sale agreement Remove Tenancy in common
article thumbnail

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. Watch out for red flags.

article thumbnail

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

Redfin

Clear communication, careful planning, and written legal agreements are crucial to avoid financial issues and relationship strain. Friends don’t have automatic legal protections like spouses, so it’s important to create clear, written agreements to help define everyone’s rights and responsibilities and prevent future disputes.