shared mortgage
Co-signed home debt
A shared mortgage is a home loan in which two or more parties share responsibility for the debt—typically co-buyers, partners, or family members purchasing property together.
Each borrower is liable for the full loan amount, not just their portion.
Shared mortgages allow buyers to qualify for larger loans by combining incomes, but create financial entanglement: When they split up, untangling the shared mortgage took months.
- jointShared by multiple parties
- joint ownershipShared legal claim together
- deedWritten property conveyance
- equityImpartial treatment or ownership value
- partnerOne who shares activity
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