Can I secure financing for a home that someone else will live in (my daughter and her family)? Can she and her husband be named on the deed? They will actually be paying all the expenses for the home and $50,000 toward downpaymnt.
1 Answer from Attorneys
Probably but the lender would possibly charge you a higher rate. If your daughter is put on the deed, she owns whatever you deed to her. If they are paying all this why not let them be the owner and you take a first or second mortgage. Talk to a lawyer on this one.