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Can you cosign for someone on a mortgage loan while unemployed?
Wiki User
∙ 12y ago
Yes, but it is very hard. A good first start is to find private investors who will co-sign your mortgage because they believe your investment property may become profitable. I did this just a year ago. Also look at properties that are being advertised as rent to own. The owners of these properties are often willing to work with you as long as you can prove your ability to come up with money despite your unemployment such as flipping the rent to own contract for an easy profit. Rent to own properties are a great option for people with bad credit as well. In real estate, deals can be made despite available funds and credit as long as they buyer does her/his research and knows where to look!
Wiki User
∙ 12y ago
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Can you get a mortgages while unemployed?
No, because you don't have money to pay the mortgage.
Is someone liable for hospital bill incurred while unemployed?
A person is liable for a hospital bill that is incurred while unemployed. Once the bill is issued, you can apply for charity care to offset the costs.
can you soical secuity while you are pregnant if you are unemployed ?
can you get social security while you are pregnant if you are unemployed
If you cosign a car loan for someone and they while under suspension could you be in trouble too?
Co-signing a note means you will be legally liable if that person can not pay.
What is the best type of mortgage for someone in the UK?
The best type of mortgage will depend on the circumstances of the individual. Some will do better with a fixed rate while an adjustable rate will be better for others. A discussion with a mortgage broker or other mortgage professional will determine one's options.
Where can one find information about mortgage leads while looking to buy a house?
There are many places a person can look to find information about mortgage leads while looking to buy a house. The site mortgageleads is an excellent place for someone to look. Also, checking the newspaper a person can find mortgage brokers and call them for information.
How do you make new friends while unemployed?
you get a job. just do it! -Nike
How does cosigning for an auto loan affect your ability to get your own auto loan?
Never cosign a loan. While I agree that one should NOT cosign. cosigning can hurt or help. Remember that if they do not pay you have to. Cosigning will affect your credit and count towards your debt to income ratio and show as an open joint auto loan. You might be turned down to get your own auto loan without a cosigner if you cosign.
Can you but a house while unemployed and going to school?
If you have enough money and your at least a senior, then you sure can.
Can an individual obtain a forklift certification while unemployed?
Yes, but it's often expensive.
Should I buy mortgage insurance for a home?
You will have to buy mortgage insurance for a home. I don't believe it is an option as it is required while you have an outstanding mortgage. Look into the best available.
What does held harmless mean in a home mortgage?
In a home mortgage, hold harmless means that a person knows that they accept all of the risks of the home mortgage. This includes any and everything that may happen while the mortgage is being held.
