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Updated over 5 years ago on . Most recent reply

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Eric Horvat
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Sharing equity existing mortgage.

Eric Horvat
Posted

We want to sell our home and use equity (estimating $250,000) to help daughter save money on interest.  This is a 2nd home (morg bal $490,000) she has tenants now but we would live in it rent free while she pays taxes and insurance for 2-3 years after selling our current home.

Can we do this and structure it so we are partners and  % equity share?  After selling we would use our portion/equity to purchase new retirement home.

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