The finance institution will decide if the new co-signer qualifies or not.
Your wife is responsible for the repayment of the loan. The reason lenders require co-signers is to increase the probability that the loan will be paid. Co-signers are equally responsible for repayment.
Are spouses responsible for a deceased husbands commercial bank loan with several co-signers?
YOURS.
Yes. The co-signers credit can be affected if a monthly payment is late. He may also owe late fees.
oh yea
Yes, if a felon who is out on bail does not comply with the conditions of their release or fails to appear in court, the co-signers may still be held liable for the full bail amount. Co-signers are financially responsible for ensuring that the defendant complies with the terms of their release.
The co-signers name must be on the title to the property in order for them to be a joint owner of the property. The owner must put the co-signer on the title to the property.The co-signers name must be on the title to the property in order for them to be a joint owner of the property. The owner must put the co-signer on the title to the property.The co-signers name must be on the title to the property in order for them to be a joint owner of the property. The owner must put the co-signer on the title to the property.The co-signers name must be on the title to the property in order for them to be a joint owner of the property. The owner must put the co-signer on the title to the property.
yes, especially if the first co-signer's credit is not as good as what the lender wants it to be.
Yes, depends on the co-signers credit.
Yes.Yes.Yes.Yes.
Co-signer has equal responsibility.
Do what you agreed to do. Pay the lender.