need to know where i stand

[momgoinnuts64]

What is the name of your state? florida

my husband is purchasing a condo in florida where we reside and he is using a cosigner to bring down his interest rate...how does that affect my ownership, if any, in the condo? dont even know if i would be entitled to any part of it since there is someone else involved....my name is not on mortgage because my credit wasnt strong enough and would have made the rate worse

thank you for your help

[ice5146]

Your husband and the co-signer will on the Note as Pri**** and Co-Borrowers. You can sign as Non-Obligor and be on the Deed to property and not be responsible for repayment of the loan as they are.

[HomeGuru]

Originally Posted by momgoinnuts64

What is the name of your state? florida

my husband is purchasing a condo in florida where we reside and he is using a cosigner to bring down his interest rate...how does that affect my ownership, if any, in the condo? dont even know if i would be entitled to any part of it since there is someone else involved....my name is not on mortgage because my credit wasnt strong enough and would have made the rate worse

thank you for your help

**A: a mortgage han nothing to do with title.

[momgoinnuts64]

florida

thank you for your replies.....being that i am his wife and we both reside in florida, am i still part owner if i sign nothing?