cosigners: Co-Borrowers Replace Co-Signers With 1rst Time Buyers
- 03/29/15 08:55 AM
I am not really a fan of co-signing because I have heard so many stories about a borrowers mother or father who co-signed for them getting stuck with paying a mortgage they can't really afford because the son or daughter they co-signed for either decided to break up, or one of them lost their job. Many times the co-signer didn't even know the payments weren't being made until months after the payments are deliquent. Many family members have quit talking to each other over co-signing going bad. Another thing I have heard several times from people that had co-signed is, that … (0 comments)
I am not really a fan of co-signing because I have heard so many stories about a borrowers mother or father who co-signed for them getting stuck with paying a mortgage they can't really afford because the son or daughter they co-signed for either decided to break up, or one of them lost their job. Many times the co-signer didn't even know the payments weren't being made until months after the payments are deliquent. Many family members have quit talking to each other over co-signing going bad. Another thing I have heard several times from people that had co-signed is, that … (0 comments)
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