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Updated over 7 years ago on . Most recent reply

John T.'s profile image
John T.'s profile image
John T.
  • Investor
  • from Tamuning, Guam
  • Member since Dec 28, 2015
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John T.'s profile image
John T.'s profile image
John T.
  • Investor
  • from Tamuning, Guam
  • Member since Dec 28, 2015
Connect
John T.
  • Investor
  • Tamuning, Guam
9
Votes |
90
Posts
Private Lending & Conventional Mortgage Advice

Construction Partnership: Mortgage in one name, land in both?

John T.
  • Investor
  • Tamuning, Guam
Posted

Hello BP Community!

If a partner and I purchased land with both names on title, does the conventional loan (mortgage) on the proposed construction need to be in both our names?  It's possible to have both names on land title but only my name on mortgage, right?  Thanks for your reply!

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