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My mother thinks that having the house under my name will look better on my credit record, since I've never owned property before. I've been living with her for over four years, and I was hoping to move out in the next year. The idea was that if I did move out, the house would remain in my name and they would continue living there. What would happen if I bought another residence?
Yes, there is currently a mortgage for $150,000. I believe the balance is down to $100,000.