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03-23-2010, 08:19 PM
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Are there any financial benefits of getting a
co-mortgage with my girlfriend? If I enter into a co-mortgage with my girlfriend does that have any bearing on the amount of money borrowed or do they still look at income seperately? I don't have $50,000 to help with the downpayment but if I were to get on the mortgage would that help us get a larger loan?
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03-23-2010, 08:48 PM
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You want a larger loan? Two incomes are better than one but I caution against it. My husband is only on the mortgage but if anything happens to him then the mortgage is transferred to me. What happens if you break up? What happens if one of you loses their job? If in order to get the mortgage, you need more money then do it. If you can get away without doing it that is what I recommend.
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