How do you give part of your home equity to someone else?

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One Response to “How do you give part of your home equity to someone else?”

  1. mcmdcak says:

    To actually "get" the equity, they would have to deed over a percentage of the house – which I’m sure the mortgage holder would prevent.
    Otherwise the most used method to accomplish what you want is be the Co-signer on a 2nd mortgage/home equity loan.

    Risky stuff for you – just remember the bank won’t loan to them so why would you expect them to be able to pay the 2nd?

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