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Updated about 7 years ago on . Most recent reply

Ray Agosto's profile image
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Ray Agosto
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  • from Somerset & New Brunswick, New Jersey
  • Member since Aug 21, 2016
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Ray Agosto's profile image
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Ray Agosto
  • Specialist
  • from Somerset & New Brunswick, New Jersey
  • Member since Aug 21, 2016
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Ray Agosto
  • Specialist
  • Somerset & New Brunswick, NJ
10
Votes |
215
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Buying & Selling Real Estate

Getting a simple house mortgage with 3 people ?

Ray Agosto
  • Specialist
  • Somerset & New Brunswick, NJ
Posted

So i'm looking to buy a house within the Central Jersey area and i was wondering if i could put a third person on the loan. It would be me and my wife then added onto it will be her mother ( my mother in law ) since she will live within that property ? I'm asking because somebody recently told me when there is more then two people on a loan it becomes o investment property ? any feed back would be great!

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David Weintraub
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  • from Berkeley, CA
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David Weintraub
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  • from Berkeley, CA
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David Weintraub
  • Lender
  • Berkeley, CA
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David Weintraub
  • Lender
  • Berkeley, CA
Replied

Yes, that’s more than okay.

Are you in New Brunfus, or investing there?

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