Comments on: How do you give part of your home equity to someone else? http://texas-home-equity-loan.com/how-do-you-give-part-of-your-home-equity-to-someone-else/ Best Home Equity Loan Information, Tips, Guide And So Much More. Fri, 12 Mar 2010 09:30:22 -0700 http://wordpress.org/?v=2.8 hourly 1 By: mcmdcak http://texas-home-equity-loan.com/how-do-you-give-part-of-your-home-equity-to-someone-else/comment-page-1/#comment-6742 mcmdcak Tue, 10 Nov 2009 06:57:05 +0000 #comment-6742 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? 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?

]]>