Realty Biz

JANUARY 7, 2022

If so, you need to understand the two main ways that people buy property together: joint tenancy and tenancy in common (TIC). For example, joint tenancy is usually used by married couples or cohabiting partners who both want an equal share in the property and want to be able to inherit the other tenant’s share if he or she dies.

Tenancy in common 89

Tenancy in common Purchase and sale agreement Commercial Title 89

Windemere Buying

JULY 19, 2021

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.

Tenancy in common 52

Tenancy in common Debt-to-income ratio Title Finance 52

Realty Biz

NOVEMBER 18, 2021

Last week, my mother-in-law said that it’s time that we start paying half of the mortgage. I told my husband that we are already paying enough, and I don’t want to pay half of the mortgage. With the mortgage issue on the table, I’m thinking that it is time for my husband and me to grow and decide what we are going to do.

Tenancy in common 86

Tenancy in common Title Mortgages As-is 86

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. How much house can we afford?

Debt-to-income ratio 132

Debt-to-income ratio Purchase and sale agreement FHA loan Tenancy in common 132

HomeLight

APRIL 29, 2022

Here are a few of the most common types of home co-ownership scenarios , along with how each situation could affect your sale: Tenancy in Common. A tenancy in common is one situation where multiple people can own the same home. You also don’t have to be married to enter into tenancy in common.

Tenancy in common 103

Tenancy in common Purchase and sale agreement Title Sales 103

HomeLight

AUGUST 11, 2022

So if your spouse has lived in the property, contributed to any mortgage payments , or you purchased the property while you were married with marital funds, your spouse likely holds title no matter whose name is on the deed, and you will need their signature to sell the home.

Purchase and sale agreement 135

Purchase and sale agreement Title Pre-approval Tenancy in common 135