If I still owe the bank more than 90% of my home, do I have a 10% ownership interest? I am the only one who purchased.

adp6729 · ‎June 4, 2019

Vanessa · ‎June 4, 2019

If you have a mortgage, this is your liability so you actually have a 100% ownership interest (for mortgage interest/ property tax deductions) if no one else is on the loan.

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Vanessa · ‎June 4, 2019

If you have a mortgage, this is your liability so you actually have a 100% ownership interest (for mortgage interest/ property tax deductions) if no one else is on the loan.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

adp6729 · ‎June 4, 2019

Thank you, the confusion came from the difference between "ownership interest" and actual ownership.

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If I still owe the bank more than 90% of my home, do I have a 10% ownership interest? I am the only one who purchased.