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Updated almost 3 years ago,
Mortgage CoSign Question
Novice Here:
Im curious if its possible or wise to have my brother cosign a FHA mortgage with me?
The property would be a duplex that I House hack, ideally using a FHA loan. I am only asking bc my w2 income is not sufficient enough to get a loan on the type of property we want. Is there anyway to take him off the loan after a year so he doesn't have the added DTI?
Down the road we plan on owning several more rentals together in a LLC.
Any thoughts/insight/advice is greatly appreciated!