mohandis
Apprentice
Joined: 22 Jul 2006
Posts: 7
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 Posted: 01/21/08 - 23:37 Post subject: |
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| Taking a joint mortgage may indeed help your prospect of getting a much better home than you would had any of you taken it on its own. Now, when it comes to mortgage deeds, or in fact, how does the ownership works in your case, there are several things to say. You can have joint tenancy, where you will own a half of the property each, regardless of the contributions. Then, there will be certain rules of living you will have to comply to, which should be very useful in case of some disagreement of the future ownership. I suggest you go to http://www.firstrungnow.com/aol/help-for-first-time-buyers/joint-ownership.aspx. |
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