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I co-own a house. What is my share in Outstanding Mortgage Principal?
I co-own a property (50:50 share) and we are jointly and severally liable to the mortgage, meaning we are liable to the full amount of the loan. We split interest and taxes 50:50. What should be my outstanding mortgage principal? Should I split it 50:50 too?
‎February 27, 2021
6:30 PM