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If I get a mortgage for an investment property, and have a co-borrower ONLY for the purposes of securing a loan, do they also need to be on the title for the house?

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Eric l 1 year ago l In: Finance
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co borrower, investment property, mortgage
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www.QuickVALoans.com
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A: Usually if you have the Person on the Loan then they will need to be on Title. Sometimes the Lenders will make an exception but do not count on it.

Answered 1 year ago by: www.QuickVALoans.com
Trevor Hickey
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A: No not always. I've even heard of people getting on title, and on the mortgage, then removing themselves from title. Talk to a lawyer though.

Answered 1 year ago by: Trevor Hickey

This question was originally asked in Quitclaim Deed and Mortgage Transfer - Any Tax Implications?

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