How having two mortgages for residential properties include taxes, etc.?

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When my sister bought a house, but they do not get enough credit for a mortgage, I have down as co-plaintiff. Now, I plan to buy my own house, I was told that I can get a mortgage, but I’m not sure what he touches, if I have two mortgages on residential property, where any? T with this knowledge that I gave. Thank you!

  1. Reply
    February 20, 2011 at 6:05 am

    If your sister is paying the mortgage that she has, then it has no effect on you at all tax-wise.

  2. Reply
    February 20, 2011 at 6:22 am

    none – you get to claim your primary residence… anything else is IMMATERIAL…

    especially if you’re just a CO-SIGNER.

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