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You can split the loans, and both claim deductions.
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"If you consider remortgaging, lenders will look to split the loan to value across both properties and are unlikely to offer more than 75 per cent of the combined value," says Ray Boulger, of mortgage brokers Charcol.
Even after he arrived in Los Angeles, in 1923, with a bagful of confidence but little else, he and Roy could not start up Disney Bros. until they had secured some family loans — twenty-five dollars from Roy's girlfriend and five hundred from their Uncle Robert, who split the loan into four installments and charged them eight per cent interest.
One kind of alternative loan, called a "piggyback loan," splits the original loan into two pieces in order to help the borrower be at the 20 percent mark that nullifies the need for PMI.
The brokerage and its broker, or loan officer, typically split the rebate.
So I basically split the difference when it comes to thinking about my human capital and student loans.
She split the uprights.
Split the fairway.
This split the coalition.
Split the difference.
We split the chores.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com