Joint Mortgages

If you're thinking about buying a home, chances are you're not planning to do it by yourself. Most home purchases are two-person affairs - historically, by married couples but with unmarried partners making up an increasing share these days. In some case, two or more people who are not romantically involved will purchase a home together for financial reasons.

It's a bit more complicated than it used to be, when a couple would buy a home, but the husband was the sole breadwinner whose income and credit rating determined the terms of the mortgage. But having two incomes paying on a single mortgage definitely opens up more possibilities in terms of what you can buy.

So how do you go about getting a mortgage or buying a home by two or more people? There are two main ways to do it - either through a joint mortgage or by joint ownership. In the former, both parties (we'll assume it's a couple and not a larger partnership for now) are signatories to the mortgage and are equally responsible for making payments. In the latter, the mortgage may be in only one person's name, but both parties have their name on the deed and contribute toward making payments.

Center State Mortgage is your #1 source for joint mortgages in the staten island and new jersey areas! They have all the right people and tools to get the job done quickly and effectively! Choose Center State Mortgage for all your joint mortgage needs!