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Chris Brown, a certified mortgage planning specialist, discusses advanced mortgage planning, specifically for multiple persons co-owning a home. He explains the three components of real estate financing: the deed (ownership), the note (promise to repay), and the mortgage (tying them together). A common question among couples is whether both should be on the loan if one can qualify. Brown suggests that often the answer is no; this approach serves as a defensive financial strategy. By having only one person on the loan, the other’s credit is insulated from potential financial issues, which can save significant amounts of money in the long run.