Can my best friend and I get two mortgages for one house?

Good Afternoon. You would both need to be on the mortgage and title to get financing and I'm not sure why you wouldn't want to be. If you are looking to buy a property, I would be happy to work with you as you may be able to qualify for something individually, including considering the possibility of a multi unit where you can use a portion of the expected rental income from any unit you will not be occupying to add to your regular income. If you'd like to learn more, please send me an offline message when you are ready. This would be for a no obligation discussion of your scenario and goals. Thank you and enjoy the day!

No such thing.. if a lender were willing to do 2 separate mortgages on the same property, then if one of you stops paying, how do they foreclose??... There's no such thing.. if you want to purchase a property, you will both have to be on the title and on the mortgage.. one mortgage.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

no; sorry

Even if you could, you are both being linked together with title ownership of the house anyway, so I don't know why it would matter.

Both of you need to be on the same loan and you both jointly and severably liable for the debt.

No, Just one mortgage

No, you and your best friend will have to get a single mortgage loan for the property.

The other responses are correct, in that you would both have to be on the mortgage. However, since you are not related -- you would each have to fill out separate loan applications, with the same lender. You would also be well advised to contact a real estate attorney to put together documentation of how either of you could end the mortgage on your side (does the other buy out, and if so at what price, does the house have to be sold, how do you split the costs/sale proceeds?....)

Unfortunately no you can not.

No you cannot get.you can put two people on the mortgage and have first and 2nd mortgage.For more Help call us (877) 877-9983

No.