If I Co-Sign A Mortgage, How Will This Impact Me?

If I Co-Sign A Mortgage, How Will This Impact Me?

In today’s day and age, more and more borrowers are struggling to qualify for a mortgage.

When you look at house prices in your area and factor in a combination of stricter guidelines, new stress test rules, bruised credit, self-employed, etc., it can be challenging to say the least.

When this happens, sometimes the quickest and easiest option is to have someone co-sign. If the co-signer has good credit and income, they can help secure a mortgage.

But how does this impact the person co-signing?

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