Mortgage Co-Signers

Today we're going to talk about Co-Signers

Are you having a difficult time qualifying for a mortgage on your own? Did you know that you could add a cosigner to the mortgage to help you get into that home now, rather than waiting for yourself to have more income or qualify in the future?

You are able to qualify with a co-signer on the mortgage and it can be anybody. Generally, we find that parents are helping their kids out today to qualify with the challenges that we're seeing in our market. So parents are great co-signers. Any immediate family member can help you out, but the really neat thing that a lot of people don't know is that you can have anybody cosign for your mortgage.

If you have a friend or a coworker who wants to support you, they can go on as a co-signer to help you out. What we are finding a lot of times now is that in this challenging market, friends are buying homes together. It's a great way for you to get into the housing market and stop paying somebody else's mortgage.

If you have questions, give us a call.

We are always here to help.