“Title Only” Is OK; On Title But Not On Loan
Almost every lender is OK with “Title Only” transactions. These are transactions with a buyer who will be on the purchase contract and on title to the property at close, but not on the loan.
This is relatively common in fact. We often leave buyers off of a loan if he does not have enough income to help qualifications, or if his credit or credit scores adversely impact financing terms.
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