Deed on house need to match mortgage?

[bgrindle]

What is the name of your state? PA

My mother is purchasing a new home. She is 74 & qualified for the
mortgage on her own. My sister & I are not on the mortgage, but
want to be on the deed in case something happens to her. Are
there any rules between who is on the mortgage & who can be on
the deed? Do we need to sign the sales agreement papers or do
anything special to get added? Should we modify it later or do it
with the closing?

really appreciate the help because I'm not sure of the rules!

I doubt seriously that the mortgage holder would agree to your names being on the deed unless you also accpet the mortgage risk.

Of course, miracles happen.

[nextwife]

The title company will NOT be willing to insure the lender on the mortgagee's policy unless ALL buyers join in on the mortgtage. Thus the lender will, for good reason, be unwilling to provide a mortgage for only one or some of the owners (buyers).

[HomeGuru]

So talk to the lender and get it straightened out.