Tenancy in Common is a type of co-ownership where two or more individuals hold ownership interests in a property. Each tenant in common owns a specific, undivided share of the property, which may be equal or unequal.
Key features include:
Individual Ownership: Each co-owner has a distinct share, which can be sold, transferred, or inherited independently.
Shared Use: All co-owners have equal rights to use the entire property, regardless of the size of their share.
This structure is particularly useful for families, investors, or groups of people who want shared ownership with individualized rights and responsibilities.
Benefits of Tenancy in Common
Tenancy in Common (TIC) helps people buy property together, making it more affordable. You can choose how much to own based on your budget and still control your part. Our team makes it simple by handling the paperwork, loans, and talking with everyone. We take care of the hard stuff so you can enjoy your new home worry-free.
The TIC Purchase Process:
1. Secure Financing
Get a special TIC loan since regular mortgages don’t usually work. Our experts will connect you with lenders who know TIC financing to make the process easy and fit your budget.
2. Find a TIC Property
Look at Tenancy in Common (TIC) properties that fit your budget, needs, and favorite location. Our team will help you find the right one and explain how the ownership works.
3. Close and Move In!
Once the paperwork is done and ownership shares are set, you’ll close on your new property and can start enjoying your home with the benefits of shared ownership.
We understand the mortgage and refinance process can be stressful. That's why
we're here as your partners to finance the home of your dreams with full
transparency and clarity.
Embark on a customized mortgage journey towards your dream home, expertly navigated by our team for a smooth and worry-free path to homeownership.
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Purchase
We provide a wide range of mortgage options, including fixed-rate, adjustable-rate, and specialized financing, tailored to meet individual financial needs.
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