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Can primary loan applicant not be a co-owner of the property?
05-May-2023 (In Property Law)
We are planning to take a home loan, where i'll be the primary applicant and my husband will be the co-applicant. now he's suggesting that the agreement be made in his and his mother's name only. is it possible. should i be cautious in this case.
It's not possible...
The applicant who appiles for a home loan must be the owner or Co owner..
The agreement can be made between seller i.e. First part qnd (you, your spouse & his mother) on the second part..
The applicant who appiles for a home loan must be the owner or Co owner..
The agreement can be made between seller i.e. First part qnd (you, your spouse & his mother) on the second part..
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