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,
Rob Spinosa
SVP of Mortgage Lending
Guaranteed Rate
NMLS: 22343
Cell/Text: 415-367-5959
rob.spinosa@rate.com
Marin Office: 324 Sir Francis Drake Blvd., San Anselmo, CA 94960
*The views and opinions expressed on this site about work-related matters are my own, have not been reviewed or approved by Guaranteed Rate and do not necessarily represent the views and opinions of Guaranteed Rate. In no way do I commit Guaranteed Rate to any position on any matter or issue without the express prior written consent of Guaranteed Rate’s Human Resources Department.
