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how many borrowers can hold a mortgage

want to go in on a house with my friends. there are 3 of us. is this messy or doable? we will occupy for next few years b4 renting property out as well
By user7557764 from CO Jul 31st 2014
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As far as the loan, totally doable. I would be more worried about that kind of commitment with a friend. Let me know if I can help. Robert 303-578-9202

Jul 31st 2014

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3 of you will not be an issue, in fact you can add more if you wanted. However, who ever is on the loan has to fully qualify for the loan with income, credit and debts. The pre-approval process is pretty easy and you can do it online, on the phone or in person. Whatever is best for you. If you have any questions or want to start the process please call or email me anytime. 303-521-7169 / syoung@firstcal.net / Best wishes, Sean

Jul 31st 2014

Yes.. you can have 3 borrowers on the same loan. but understand that all borrowers who apply must qualify.. also, your loan pricing will be based on the lowest mid score.. as the saying goes. your only as strong as your weakest link.. and the same goes to co-borrowers on a mortgage.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Aug 1st 2014


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