cd asked:


There will not be enough money left over for the second mortgage. Will they just place a lien on the house and leave me alone? or will they go after my wages and credit?

Wesley

B W asked:


My partner’s and my names are put into the title of the new home. He thinks I can get better rate to just put my name to the mortgage. I want to know what disadvantage for me if we do that? I feel that if my partner ends up not helping on the mortgage payment and I can’t affort or I continue to pay, my partner will have advantage to claim he has the ownership of the home. What happens when it comes to the home for sale? How much will he get?
If he is a co-signer of the mortgage, will he be responsible to the mortgage? Should I just have both of us to the mortgage? I don’t know if that impacts the interest rate though.

Tracy

Gufs99 asked:


My father would like to help us purchase our first home by co-signing on the loan for us. (yes, we both understand the implications of him being a co-signer on the mortgage). He is retired and living on his pension (not collecting SS just yet). Is this possible on a FHA mortgage?

Dora