Posted by Nate on March 22, 2001 at 13:38:43:
If your friend can qualify for the loan on her own, there is no need for you to be on the loan to be on the deed.
However, if I were your friend, I would think twice about borrowing money for which I was solely responsible, to buy a property that I only owned half of.
What if one of you dies, becomes incapacitated, or simply loses interest in the project, or wants to sell due to a financial problem, or gets married, or gets divorced, or blah de blah de blah.
Think about that before you do this kind of arrangement.