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Updated about 1 year ago on . Most recent reply

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30
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Cody Anderson
5
Votes |
30
Posts

Co-Borrowing w Mixed Occupancy

Cody Anderson
Posted

I am looking to purchase a home with my sister in CA. We will both be on title and are planning to split costs and ownership evenly. \

I intend to owner occupy the property while she will use it more as a second home. 

Curious how lenders will evaluate us for a joint mortgage if the home will likely be used as both a primary and secondary residence. 

Will this impact our ability to get competitive financing (we are both well qualified as individuals and even more so together)?

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