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R
romero_laurie
February 20, 2025
Question

If I borrowed money through bank to purchase home would I be considered a co-owner?

  • February 20, 2025
  • 2 replies
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    2 replies

    X
    xmasbaby0
    Employee
    February 20, 2025

    You would be a "co-owner" if you and some other person borrowed money and took out a mortgage for the house.  You are a home owner with a mortgage.

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
    V
    Vanessa A
    February 20, 2025

    If you took out a mortgage with another individual then you would be considered a co-owner.

     

    If you took out a mortgage on your own, then you would be the owner.  The bank is not considered an owner, they are just the lender. 

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