Ask Brian: How Risky is it to Cosign a Mortgage Loan?
Realty Biz
JANUARY 4, 2022
Without including him on the title, your father would never be able to own the home, refinance it, or use it to guarantee a loan for himself. The loan on your home would count against his debt-to-income ratio, he may even have trouble qualifying for a personal loan for which he otherwise would qualify.
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