Only if you're going to be one of the owners. A simple guarantor may have committed other collateral, and the lender would have you sign a separate security agreement naming the property being pledged.
No. If you're not already an owner of the property then you have simply volunteered to be completely responsible for paying the mortgage if the property owner defaults. You will be paying for property you do not own.
The estate is responsible for the loan. If it is not paid the bank will take the property.
You can cosign but both names will be on title.
Many people cosign a loan for property they don't own. Many are uninformed of the consequences of cosigning. They don't realize they are agreeing to be completely responsible for a loan for property that belongs to someone else. If the primary borrower defaults on the loan and the cosigner must make the payments, the cosigner has no automatic right to the property.
If you are the executor and heir to an estate with no will, you can you take a loan against the said estate property, but not right away. Lenders typically will not give you a loan on a piece of property until it is in your name.
A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.A mortgage is a loan secured by your real estate. If you own real property you can borrow more with a mortgage.
Yes, an employer can cosign for a student loan. Any one can cosign for a student loan if they meet the requirements.
You cannot grant a mortgage on property you don't own. The estate must be probated so title passes to the heirs legally.
A mortgage is a type of loan used to purchase or maintain a home, land, or other types of real estate. JLM Property
absolutely not. Minors are not able to cosign any loans, only an adult (eighteen years or older) is aloud to cosign a loan. the law states that any minor is not responcible for the repayment of any loan.
When they get out of jail for selling property with a lien on it, and after YOU pay off the loan, you might consider NOT co-siging again.
The cosigner of the loan owns 1/2 of the property if they are on the title.
That would be a secured loan and the property is called collateral.In the case of real estate, the borrower must sign a note and a mortgage.That would be a secured loan and the property is called collateral.In the case of real estate, the borrower must sign a note and a mortgage.That would be a secured loan and the property is called collateral.In the case of real estate, the borrower must sign a note and a mortgage.That would be a secured loan and the property is called collateral.In the case of real estate, the borrower must sign a note and a mortgage.