Anyone know the policy of taking a mortgage on 50% of the property (i.e. buying with a partner)
Anyone know the policy of taking a mortgage on 50% of the property (i.e. buying with a partner)
Anyone know the policy of taking a mortgage on 50% of the property (i.e. buying with a partner)
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The easiest way to do this. It's taking a mortgage together and taking into account between you. It is not possible to have two mortgages at the same time on the same property. If this is a second apartment for both of you, you can get up to 50 percent financing. If it is a replacement apartment for both of you (according to the statement with the tax authority) up to 70 percent financing if for one of you it is a second apartment and for the other it is a first apartment up to 60 or something. Financing percentage
Aviram Amrani
That too is an option
Good morning and thanks for the professional answers !!
I mean in case the other half also takes a mortgage,
And how much equity should bring in this case (in the first apartment)
This is possible, and as we said before complicated, and should do with a consultant.
It's easy to consider that the second buyer will also be charged to the bank. How much he will be charged depends on the bank.
Disclosure - I am a mortgage advisor, and I have already done several such cases.
I didn't quite understand the question, is the partner bringing all the equity and are you taking the mortgage?
I had a case like this and I bought with a partner, he brought 50 equity and the mortgage I pay but in terms of the bank we both registered in the mortgage, in terms of the bank he also owed. I also pay the life insurance on him because he is not supposed to be in this regard. We evenly distribute the rent.
Can be complex since the bank needs everyone in the mortgage
For such a complex move, go to a mortgage advisor if you really want to, or alternatively ask people here for a recommendation to someone who understands well