Multiple people on mortgage
Is it possible for multiple people to go on a mortgage? How does that work? Say for instance, 4 people go in on a $400,000 house. They all will live there (primary residence). Now, each will pay $100,000, but all need a loan for it, so how does that work? 4 people's names on the same mortgage? What if one person stops making payments for instance? Are they other 3 now required to pay the financial slack?