Ask Brian: How Risky is it to Cosign a Mortgage Loan?
Realty Biz
JANUARY 4, 2022
Being a cosigner on a home loan, or any loan is all risk with no rights at all. 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. Perhaps paying the closing costs or buying down the interest rate on the loan.
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