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Buying With A Friend |
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My friend and I want to buy a place together. What is the best way to go about that? Should we each get a separate mortgage for our half or is that even possible? Also, if we get separate mortgages, does that raise our interest rate? |
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Lenders will not want to take a mortgage loan on half a house. You'll place a single mortgage, with each of you personally liable (for the full amount, by the way.) |
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Edith
Originally published on October 15, 2007 |
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