Redfin

JUNE 10, 2025

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.

Purchase and sale agreement

Redfin

JULY 17, 2025

Debts: Discuss student loans, credit card balances, and recurring payments or obligations that could influence your budget or mortgage approval. Credit scores: Review your credit scores and reports with one another so you both understand how they could impact your loan terms or interest rates.

Purchase and sale agreement

HomeLight

APRIL 29, 2022

And if everyone involved isn’t aligned from the start, you can end up disagreeing on important details when it comes time to sell — potentially wrecking the sale and wasting all of the owners’ valuable time. Fortunately, there are ways to set up a smooth sale on a co-owned property.

Tenancy in common

Realtor.com

FEBRUARY 11, 2021

One of the things mortgage lenders look at when you apply for a home loan is your debt-to-income ratio. The DTI ratio is your combined monthly debt payments (from obligations like credit cards, student loans, car loans, installment loans, and personal debts), divided by your combined monthly income.

Debt-to-income ratio