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 One borrower two names on house

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lifebalance
post Oct 23 2017, 03:24 PM

Licensed Financial Planner & Financial Adviser's Rep.
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QUOTE(seizer @ Oct 6 2017, 02:53 PM)
Dear all,

I have no experience in so what buying house/property.

As per title is it possible to have joint names on house but I am the one making the loan.

And if it is possible, will my wife (joint name) be able to get 90%-100% loan if she want to buy a house but this time under her name only?
Please advise  icon_question.gif

TQ
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That depends on your strategy in the future on whether to park the loan under 1 person name to utilize the quota of the other person to take another 90% loan in the future for another property.

However, if 1 person's income is not sufficient to take on the loan then it's only recommended to take a joint loan borrowing.

 

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