Tuesday, August 19, 2014

Co-Applicant

If you are looking to qualify for a mortgage and the numbers are looking tight, consider having a parent or family member co-sign for the mortgage with you. By using a co-applicant, lenders are able to use the family member's income which can often times increase your purchasing power. A co-applicant can also be helpful if you have had past credit challenges and are needing a strong co-applicant to guarantee the loan. For more information about all kinds of mortgages, call me today!

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