My wife (Japanese) and I (US, no PR yet) are purchasing a lot (cash split 60/40) and planning to also split the cost of the house construction costs, 60/40. She wants to pay cash for her portion and I prefer financing mine. Since we'll be paying the builder in 3 installments, I believe she'll pay the builder for the first two in cash and I'll finance the remainder at the end of construction.
The RE agent who is repping the owner has stated that it's important that we keep the ratios the same between the lot ownership and the house financing portion. Apparently to avoid any gift tax or other complications. I'm fine with maintaining a 40% ownership share of the land/house. I just prefer keeping more money in HYSA and using a low interest rate loan, while my wife is the opposite.
I plan to talk to a bank about loan options very soon. Is there anything to be wary of or ask about in particular? Is there a better way to go about this?
by not_today88