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Updated over 9 years ago,

User Stats

97
Posts
23
Votes
Debra R.
  • Redford, MI
23
Votes |
97
Posts

possibility of 1 partner getting a loan?

Debra R.
  • Redford, MI
Posted

My future ex husband and I will co-own our rental property after the divorce (very amicable).  We don't have any worries about getting along as business partners. We are looking for some advice though.  

What suggestions do BPer's have for how best to hold the title.  We are thinking that tenants in common may be best.  

The goal is for him to be able to take out a loan to buy a house using only his half of the property as collateral.  Anyone know if this is possible?  If so would the interest rates be higher than on a conventional loan?  

My goal is to be able to hold on to the property and not have to buy him out yet.  

Thanks in advance for all your wisdom!