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Yes it's fine to do so. The cosigner is simply a lender of money because the person they loaned the money too can't get a loan from the bank or get credit of any sort.

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Q: Can the cosigner of an apartment live in the residence if he is ok with the person living in the apartment?
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Related questions

What responsibility does a cosigner on an apartment lease have?

a cosigner is a person who is responsible for the rest of the rent that you don't pay if u get evicted the person who signed as a cosigner will have to go to court


Who is the person living at resident?

Lessee if he is renting the residence... Lessor if he is the owner of the residence... Resident is living at his/her residence...


Comparecontrast apartment living and house living?

House living gives a person more space and also gives more privacy to the person. When living in an apartment there is neighbors and most times there is not much privacy.


Can a retired person be a cosigner for an apt?

Yes! any one with the financial ability can co sign for a apartment. How ever all the liabilities also convey


How can you formate a sentence with the word occupant?

Occupant means person who occupies a residence, as in "The junk mail was addressed to the apartment's occupant."


If you were to cosign for a rental agreement how will your credit be affected and how does one get removed as cosigner?

The way it may impact on the credit report depends on if the person pays the rent as agreed. It will also play a part in the cosigner's DTI. Usually the only way of being removed as a cosigner is if the agreement is reaffirmed by the primary holder and the lender. In the instance of rental agreements, a cosigner can sometimes be relieved of obligation if there is a breach of contract. For example, if the person moves someone not on the original rental contract into the apartment.


What was the movie that had a woman living in an apartment and the person living above her was sending mice into her apartment?

The name of the movie in which mice were being sent into an apartment is The 4th Floor. It starred Juliette Lewis, William Hurt and Shelley Duvall.


Is apartment a proper noun or common noun?

The noun 'apartment' is a common noun, a general word for any residence in a building containing a number of such residences.A proper noun is the name of a specific person, place, or thing. A proper noun for the common noun 'apartment' is the name of an apartment (building, complex).


If we have bad credit will a cosigner help us get a mortgage?

Yes, a person with bad credit can get a cosigner for a mortgage. The cosigner will have to have excellent credit and must go into the office to sign papers to become a cosigner.


What are the qualifications of a cosigner?

Normally a cosigner has to be able to pay the loan if the signer does not pay. So the cosigner should have better credit than the person seeking the loan.


Which is correct residence or resident?

It depends on the context of the sentence. Residence is the place - resident is the person. A person can be a resident in a residence.


If cosigner has a car loan already may she cosign for someone and be approved for that person and the cosigner has good credit?

Yes.