What's make you a co-owner of the house, have your name on deed or have your name on mortgage or maybe both?

Question

My wife had a house before we got married and I want to buy my own, but she want me to be the co-owner of hers rather than buy another one.She want to put my name on deed but not on the mortgage and I want to know if that makes me any less than a co-owner.We live in Washington State

Answer 1

Names on title show the owners of the property.  Not on the mortgage means you are part owner of the house and don't owe any money to the mortgage company.

Answer 2

Doesn't matter what state.

You can have a mortgage and not own the house at all.

If you are not on the title, you own no part of the house.

End of story.

Answer 3

name on title gives ownership. Name on the mortgage requires being on title. Really the only thing you don't have to be on if you are title is the actual mortgage note.

Title= recorded ownership interest

Mortgage= promise of property as collateral for loan

Note= promise to pay back the loan