Updated over 6 years ago on . Most recent reply
Sharing equity existing mortgage.
We want to sell our home and use equity (estimating $250,000) to help daughter save money on interest. This is a 2nd home (morg bal $490,000) she has tenants now but we would live in it rent free while she pays taxes and insurance for 2-3 years after selling our current home.
Can we do this and structure it so we are partners and % equity share? After selling we would use our portion/equity to purchase new retirement home.