Is it possible to do 'one on loan two on title' property share loan?
Posted: Tue Jul 16, 2019 6:07 pm
Hi, I’m looking to purchase an investment property with my brother as a tenancy in common. Basically, it would be a property share loan with both of us on the title. I will be contributing $75K towards the purchase and my sibling will be contributing $225K towards the purchase and I will take out a loan of $300K to complete the transaction. The property share will be 37.5%: 62.5% as per our contribution. Is it possible to do so with one on the title but not on the loan application?