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Joint mortgages with parents can be used to purchase a home by allowing both the parents and their child to combine their incomes and credit scores to qualify for a larger loan amount. This can help the child afford a home that they may not be able to purchase on their own.

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5mo ago

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Can I purchase I bonds for my spouse?

Yes, you can purchase I bonds for your spouse as a gift or as a joint ownership.


What are the benefits and drawbacks of joint ownership mortgage?

Joint ownership mortgages can make it easier to qualify for a loan and share the financial responsibility. However, drawbacks include potential conflicts over decision-making and liability if one owner defaults on the loan.


Can you deposit your cheque in to your parents account?

It depends: a. Yes - If you are joint holder of the account along with your parents then you can deposit it into that account b. No - If you are not a joint holder of the account along with your parents, then you cannot deposit it into that account. A check can be deposited only into an account that is held by the person on whose name the check is issued.


I have a joint account with my mother and father upon their death can i withdraw the funds?

Yes, you can do that. Since you are the joint holder of the bank accounts of your mother and father, you can very well withdraw funds from the account. However it is better to provide your parents' death certificate to the bank and convert them into single holding accounts because your parents are deceased and they can no longer use the accounts.


Can a 14-year-old get a bank account that is not joint with a parent?

No. the legal age to open a bank account that can be operated independently is 18 years. If a 14 year old wants a bank account, he/she can only get it if they have their parents (either of them) as a joint holder of the account.

Related Questions

How many mortgages in the UK?

Some common type of mortgage from the UK * Graduate mortgages * Professional mortgages * Guarantor mortgages * Joint mortgages with your parents * High loan-to-value mortgages * Mortgages for friends buying together * 100 per cent loan-to value (LTV) mortgages * Mortgages over 100 per cent loan to value (LTV) * Offset mortgages with your parents * Shared ownership and equity mortgages


If two parents have joint custody how many miles apart does the parents need to live from each other?

There are no distance requirements for joint custody.


Can you have one parent sign your DL 44 form if both parents have joint custody?

You need to have BOTH parents sign if they have joint custody.


In Pennsylvania can you move out of state with joint custody?

Joint custody is a court order whereby custody of a child is awarded to both parties. In joint custody both parents are "custodial parents" and neither parent is a non-custodial parents, or in other words the child has two custodial parents.


Can I purchase I bonds for my spouse?

Yes, you can purchase I bonds for your spouse as a gift or as a joint ownership.


Your parents and you had a joint bank account they died who does the money belong to?

A joint bank account belongs to the surviving owner.


What are the benefits and drawbacks of joint ownership mortgage?

Joint ownership mortgages can make it easier to qualify for a loan and share the financial responsibility. However, drawbacks include potential conflicts over decision-making and liability if one owner defaults on the loan.


How is joint custody of a child decided?

Joint custody of a child can be decided by the parents whereby they share responsibilities for the child. Schedules can be worked out so the child spends time with both parents. Courts can also decide to award parents joint custody in the case of legal disputes and indeed some states have a preference for this in law.


Can you buy a ball joint from auto zone or do you need to purchase the whole mechanism for 89 dodge caravan?

you can get the ball joint sepretly


When A minors Parents have joint custody can you move out with one parents permeation in Minnesota?

No. The other parent can still call you in as a runaway.


Can a parent with joint custody move with child without the other parents permission?

no


Who has child custody in divorce when their is no custody set?

The parents have assumed joint custody.