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If two people own property and apply for a mortgage they must each sign and they would be called co-signers or co-borrowers. If you are the sole owner you are not called a co-signer. In that case you are simply the mortgagor.
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∙ 14y ago
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Should both names be on the property title if you co sign a loan?
If you co-sign and your name is not on the title to the property then you may become responsible for paying for property you do not own. When you co-sign you are agreeing to pay off the loan if the primary borrower fails to pay.If you co-sign and your name is not on the title to the property then you may become responsible for paying for property you do not own. When you co-sign you are agreeing to pay off the loan if the primary borrower fails to pay.If you co-sign and your name is not on the title to the property then you may become responsible for paying for property you do not own. When you co-sign you are agreeing to pay off the loan if the primary borrower fails to pay.If you co-sign and your name is not on the title to the property then you may become responsible for paying for property you do not own. When you co-sign you are agreeing to pay off the loan if the primary borrower fails to pay.
Can someone else be a co-signer for a loan on a house?
Yes, but that person is guaranteeing to pay the mortgage if the primary borrower defaults. That means they will have to pay for property they don't own. No one should co-sign any loan that they cannot afford to pay.
If you co-sign on an apartment and the leaser doesn't make payments can they take your home that you own for payment?
no the co-signer will have to make payments or they will be removed from residence.
Is collateral needed to cosign a loan?
Co-signing a loan may not specifically require collateral, but if the person for whom you co-sign defaults , anything you own becomes fair game. Don't co-sign for anything for which you cannot comfortably cover the loss in case of default.
Does a cosigner have to be physically present to co-sign a loan?
Yes the co-signer has to be physically present to co-sign a loan
Can your grandmother co-sign a car loan if she already has one?
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How old do you have to be to co-sign for a house in Alabama?
Eighteen
Anyway to get a co-owner evicted from the house they co-own?
no, you will have to buy them out
Should both names be on the property title if you co sign a loan?
If you co-sign and your name is not on the title to the property then you may become responsible for paying for property you do not own. When you co-sign you are agreeing to pay off the loan if the primary borrower fails to pay.If you co-sign and your name is not on the title to the property then you may become responsible for paying for property you do not own. When you co-sign you are agreeing to pay off the loan if the primary borrower fails to pay.If you co-sign and your name is not on the title to the property then you may become responsible for paying for property you do not own. When you co-sign you are agreeing to pay off the loan if the primary borrower fails to pay.If you co-sign and your name is not on the title to the property then you may become responsible for paying for property you do not own. When you co-sign you are agreeing to pay off the loan if the primary borrower fails to pay.
Can someone else be a co-signer for a loan on a house?
Yes, but that person is guaranteeing to pay the mortgage if the primary borrower defaults. That means they will have to pay for property they don't own. No one should co-sign any loan that they cannot afford to pay.
Can parents co-sign for a car if you are under 18?
A child under 18 cannot legally own or take out a loan to purchase a vehicle.A parent must co-sign for the loan.
Your brother co-signed a mortgage for his son The mortgage was not paid and the house was foreclosed your brother did not know What are his options?
They can pay the back money prior to the sale, or get the hit with the son. My son asked me to co-sign a loan. I said no for this reason. Let them become adults on their own.
You are married and your girlfriend wants you to co sign a loan for a house does that make you responsible?
If you are married you shouldn't have a girlfriend
Your deceased husband co sign for a house note for his son but you did not sign his son is letting it go back to the bank will be responsible?
You can be sued from the bank or creditor
Can a boy buy a house at seventeen?
No. You must be of legal age to sign a contract in order to buy real property. An adult could co-sign with you.
If you co-sign on an apartment and the leaser doesn't make payments can they take your home that you own for payment?
no the co-signer will have to make payments or they will be removed from residence.
You moved out of house you co own with ex partner can you go back to get belongings?
As you are a co owner of the house you have every right to go back and collect all your belongings, and she can not stop you.
