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Can I take out a joint mortgage with a friend (or friends)? You can take out a mortgage with just one friend or up to three if you want to. Doing so might enable you to get on the property ladder earlier than if you were buying alone as you'll be able to pool your resources and put down a larger deposit.

Who's going to get the house? Well, it's kind of a trick question because it doesn't matter. It doesn't matter whose name is on the deed or whose name is on the mortgage. Nine times out of 10 what matters is when the house was purchased and with what type of funds it was purchased.

Real estate fraud may cause you large financial losses. If you're a victim of real estate fraud you may find out that you no longer own your home. You may also notice on your credit report that additional mortgages have been taken out in your name.

Alphonso recommends that all homeowners get title insurance, which is their ?first line of defence.? It protects homeowners (and buyers) against any fraudulent activity on the property. ?Beyond that, you can do searches on your title individually.

Yes, it is entirely possible for a person's name to be on the deed without being on the mortgage.

Toronto homeowners discover their house had been sold without them knowing. Police said in January 2022, two people allegedly pretended to be the homeowners and hired a real estate agent. Police said two people allegedly pretended to be the homeowners and hired a real estate agent in January 2022.

You can generally get a mortgage by yourself, and list both you and your spouse on the title. You may not qualify for as large of a loan if you don't list your spouse (and their income) on your mortgage application.