When your fantasy of owning a home meets the reality of qualifying mortgage, it can sometimes mean that you’ll need a little help. And in more than a few of those cases, the most elegant solution can be a co-signer, technically known as a “non-occupant co-borrower” within the mortgage industry.
So, who makes a good co-signer and who’s just “bad company?” Let’s learn how co-signers can impact, both good and bad, the three most critical elements of any loan approval; income, assets and credit.
I won’t deny it,
SVP of Mortgage Lending
Marin Office: 324 Sir Francis Drake Blvd., San Anselmo, CA 94960
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