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hi Im Chris Brown a nationally recognized certified mortgage planning specialist at mortgage chiliblog.com when doing Advanced mortgage planning one of the topics we address when there is more than one person looking to own the home is whether it makes sense for both people on title to also both be on the Note when it comes to financing real estate there are actually three parts the first is the deed which is ownership the note which is the promise to repay and the mortgage is in the middle tying the two together very commonly one of our questions two couples or joint owners of a home is that if one person can qualify for the loan does it make sense to have more than one person obligated to the same liability when addressed in this manner the obvious choice for most is no now this is a defensive Financial strategy and that if something were to go awry and only one person is on the loan the others credit is insulated from that event this could mean tens of thousands of dollars in pote