Facts About Using a Co-Signer on a Mortgage

Posted from: http://www.zillow.com/blog/facts-using-co-signer-mortgage-198462/

Do you need a co-signer to buy a home? To help you decide, let’s review the reasons you might use a co-signer, the types of co-signers, and the various requirements lenders have for allowing co-signers.

When to use a co-signer

A common scenario is young people just starting out in their careers use parents as co-signers while they’re ramping up their income. Other lesser-known but still common scenarios include:

  • Divorcees use co-signers to help qualify for a home …

Posted from: http://www.zillow.com/blog/facts-using-co-signer-mortgage-198462/

Do you need a co-signer to buy a home? To help you decide, let’s review the reasons you might use a co-signer, the types of co-signers, and the various requirements lenders have for allowing co-signers.

When to use a co-signer

A common scenario is young people just starting out in their careers use parents as co-signers while they’re ramping up their income. Other lesser-known but still common scenarios include:

  • Divorcees use co-signers to help qualify for a home …

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