Adding my name to the deed?

2 Replies

I am looking to purchase my first investment property but have a question regarding my primary residence. When we bought our house a few years back my name was not added to the deed (long story) Is it better for us to add my name to the title / deed for investing purposes or should I keep my name off?

Does it matter either way? 

Will that help / hurt a mortgage rate?

Any input would be appreciated. 

Unless you're planning on using Equity from your primary residence then I don't really think it makes much difference. If anything it might help you slightly since I'm assuming you're not on the mortgage either. There may be other reasons to get your name on the deed like estate planning Etc but from an investing perspective I don't really see much issue
Originally posted by @Jeff Wood :

I am looking to purchase my first investment property but have a question regarding my primary residence. When we bought our house a few years back my name was not added to the deed (long story) Is it better for us to add my name to the title / deed for investing purposes or should I keep my name off?

Does it matter either way? 

Will that help / hurt a mortgage rate?

Any input would be appreciated. 

 Some lenders won't lend to an investor that doesn't own their own primary residence.  It's not a Fannie Mae thing, but if you're going with a second tier lender, you may run into that. Otherwise, no.

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