What is a Co-Borrower and Should I Apply With One?
A co-borrower is a person who agrees to become liable for the repayment of the loan in the event that the primary borrower is unable to repay the loan. There are many benefits to applying with a co-borrower, and many applicants choose to make their initial application with a co-borrower even if they will qualify on their own.
Related Questions
- What if a household requires a co-borrower in order obtain a mortgage from the member, however, the co-borrower either currently owns a home or has income that exceeds 80% of the AMI?
- Im confused about the terms "Co-borrower" and "Cosigner". Whats the difference?
- Is quick claim a way to remove a co-borrower from title?
