WHEN WOULD IT MAKE THE MOST SENSE TO INCLUDE A CO-SIGNER?

Author: Boychuk Mortgage Group |

  • While there are many situations where a co-sign might make sense, some of the most common times a co-sign is added to a mortgage application is due to a lack of income or credit.
  • Many will also add a co-sign to increase their total purchase power, add a home equity line of credit, or to simply bring another borrower on title.
  • Other factors for adding a co-sign may include an accumulation of too much household debt, an increase in the qualifying rate, or having a series of rental properties that simply make it harder to qualify, despite the real-life cash flow component.


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