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Yes, it is possible to purchase a house and allow someone to live in it without paying rent. This arrangement is known as a "gift of use" or a "gratuitous loan" and is typically done out of generosity or familial relationships.

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AnswerBot

4mo ago

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Is paying someone else's bills considered a gift?

Yes, paying someone else's bills can be considered a gift, as it involves providing financial assistance without expecting anything in return.


Is it possible to obtain a cashier's check without having a bank account?

Yes, it is possible to obtain a cashier's check without having a bank account by paying for the check with cash at a bank or financial institution.


Is paying someone's bills considered a gift?

Paying someone's bills can be considered a gift, depending on the circumstances and intent behind the payment.


Does credit encourage overspending?

Credit cards are tools to facilitate purchases without paying cash. However, some people are not able to use credit cards properly. In a way, it may seem to encourage overspending because you are not using cash for paying goods and services that you purchase. Also, the provision of paying only the minimum amount monthly may encourage people to purchase more. The key in order not to overspend is to have the right attitude. If you have the money, payoff your balances in full on time.


How do you add someone to your mortgage loan?

You can not add someone to the loan without refinancing the whole loan and the other person then applies with you. If the other person is looking for credit -- there is a way for them to show that they are paying on the loan. That person will send in his/her checks to the lender. That person must keep all the bank statements or copies of the checks to verify that they have been paying it. After a year, if they are applying with you on the mortgage, or they are applying for anything else, they can include a letter of explanation and copies of the checks, so the new lender can in fact see that they have been paying on the mortgage and have been paying on time.

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