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Frequently asked questions

Tufa BasicsGetting StartedCommon ConcernsFamily Co-InvestmentYour MortgageFinancial & TaxLife Changes & Exit ScenariosLegal & Professional StructurePlatform & Services

Tufa Basics

  • What exactly is family co-investment in a home?
  • How is this different from getting a gift from family or having them cosign?
  • Who owns the home in this arrangement?
  • Does this affect my ability to claim the home as my primary residence?
  • Can I still get a mortgage with this structure?

Getting Started

  • How do I begin this process?
  • What information do I need to provide?
  • How long does the process take?
  • What are the qualification requirements?
  • Can I use this in any state?

Common Concerns

  • What if I lose my job?
  • What if I need to move unexpectedly?
  • How secure is my family’s investment?
  • What happens if I default on the mortgage?
  • Can family investors force a sale of the home?

Family Co-Investment

  • How is ownership percentage calculated?
  • What rights do family investors have?
  • What are my responsibilities as the primary resident?
  • Who controls decisions about the property?
  • How are property taxes and insurance handled?
  • Can family members invest different amounts?

Your Mortgage

  • How does this affect my mortgage application?
  • Are mortgage rates different with this structure?
  • Who is responsible for mortgage payments?
  • Do all family investors need to be on the mortgage?
  • Which banks offer mortgages for this structure?

Financial & Tax

  • How does this affect my taxes?
  • Are there gift tax implications?
  • How do family investors report this on their taxes?
  • What happens if the property value decreases?
  • How is appreciation shared?
  • Who claims the mortgage interest deduction?

Life Changes & Exit Scenarios

  • What happens if I want to sell the house?
  • What happens in case of divorce?

Legal & Professional Structure

  • What type of legal entity is used?
  • Who handles the paperwork and documentation?

Platform & Services

  • What does your platform do exactly?
  • What are the fees involved?
  • How do you coordinate with banks?
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