Should I be included in my grandsons mortgage?

Melania Acevedo

My grandson wants to buy a house so I can move in with him and his family. Should he include me in the mortgage for more Income.
2 months ago | 67 views | Mortgage
Answers (2)
Mark Rentz

Keller Williams Preferred

(69)

That would be a better questions for a mortgage lender. They would be able to tell you how much of a house he qualifies to buy, and that can determine whether or not he should add you to the loan. Just know, there is a little bit of risk because both of you will be liable for making the payments, even if you no longer live together a couple years down the road.
2 months ago
David Merica

David Merica eXp Realty

(15)

I would speak with a local Lender, they can often tell you which way would be more beneficial. And as the other answer indicates, there may be some things to consider.
2 months ago