Hi Joe! I had a quick question, my dad offered to co-sign for me, would it be possible for my dad (who is retired/house paid off) to either be on the loan with me as a non-occupant or a co-signer? With the goal being to be able to up the amount of loan I can take out? Or would that not mean much for me because he is retired? Just checking-thank you!!!
I am asked this question pretty often and the simple answer is yes, but it has risks for the person that is co-signing.
“Know the Implications When You Co-Sign”
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