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Should I be included in my grandsons mortgage?
My grandson wants to buy a house so I can move in with him and his family. Should he include me in the mortgage for more Income.
Asked By Melania O. | Webster, NY | 437 views | Finance Legal Info | 3 years ago
Answer(3)
Marty & Abby Champagne
RE/MAX Market Place
Depends if his income is high enough to buy something suitable for you and his family.
- 2 years ago
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David Merica
David Merica eXp Realty
I would speak with a local Lender, they can often tell you which way would be more beneficial. And as the other answer indicates, there may be some things to consider.
- 3 years ago
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The Rentz Team
Keller Williams Preferred
That would be a better questions for a mortgage lender. They would be able to tell you how much of a house he qualifies to buy, and that can determine whether or not he should add you to the loan. Just know, there is a little bit of risk because both of you will be liable for making the payments, even if you no longer live together a couple years down the road.
- 3 years ago
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