My fiance has agreed to allow me to buy in on the home he owns.

[Administrator]

I am going to pay him half of the equity he has in the home and then we will split the mortgage pmt 50/50 making everything equal and equitable. How do we go about protecting the interest of both parties, but at the same time making it legally binding to both parties? His interest rate is low enough that refi is more costly so we are trying to come up with a more economical method to achieve this transition.


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(Source: mortgagefit.com)