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Do cosigned loans have to be listed in the TDS when applying for a mortgage?
Wiki User
∙ 13y ago
I assume you are referring to some type of disclosure statement that is a part of the loan application process in your jurisdiction. When you c0-sign a loan you are promising to pay in the case of an default by the primary borrower. When you apply for credit for yourself you must disclose your financial obligation under the loan you co-signed.
I assume you are referring to some type of disclosure statement that is a part of the loan application process in your jurisdiction. When you c0-sign a loan you are promising to pay in the case of an default by the primary borrower. When you apply for credit for yourself you must disclose your financial obligation under the loan you co-signed.
I assume you are referring to some type of disclosure statement that is a part of the loan application process in your jurisdiction. When you c0-sign a loan you are promising to pay in the case of an default by the primary borrower. When you apply for credit for yourself you must disclose your financial obligation under the loan you co-signed.
I assume you are referring to some type of disclosure statement that is a part of the loan application process in your jurisdiction. When you c0-sign a loan you are promising to pay in the case of an default by the primary borrower. When you apply for credit for yourself you must disclose your financial obligation under the loan you co-signed.
Wiki User
∙ 13y ago
Wiki User
∙ 13y agoI assume you are referring to some type of disclosure statement that is a part of the loan application process in your jurisdiction. When you c0-sign a loan you are promising to pay in the case of an default by the primary borrower. When you apply for credit for yourself you must disclose your financial obligation under the loan you co-signed.
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Are secured loans not credit cards looked at any differently than unsecured loans when applying for a mortgage?
Because secured loans are loans that are secured on your property, they are looked at totally differently when applying for a mortgage, in most cases the mortgage lender will probably want you to repay the secured loan before approving your mortgage
My husband cosigned for my 2nd mortgage and he is not on the first mortgage. if we have the same lender for both mortgages and we quit paying on the first mortgage how fast will his credit be impacted?
Since he is not listed as a borrower on the first mortgage his credit is not affected by paying or not paying that mortgage. Even if both loans are with the same company, he is only held responsible for the loan in which he signed.
What are some tips to applying for a mortgage online?
One can find some tips to applying for a mortgage online by going to the Apply For a Loan Online website. It has information about applying for many loans online, including mortgages.
Where can one apply for a mortgage with low interest rates if they have bad credit?
The best option when applying for a mortgage with bad credit would be to speak to a financial advisor since applying for multiple loans can further reduce the credit scores.
Where can someone find information about getting mortgage loans after bankruptcy?
Quicken Loans has an excellent section on how to obtain a loan or mortgage after filing bankruptcy. Most debt consolidation centers and bankruptcy attorneys will have information or references for those seeking information on applying for a post-bankruptcy loan or mortgage.
Are secured loans not credit cards looked at any differently than unsecured loans when applying for a mortgage?
Because secured loans are loans that are secured on your property, they are looked at totally differently when applying for a mortgage, in most cases the mortgage lender will probably want you to repay the secured loan before approving your mortgage
My husband cosigned for my 2nd mortgage and he is not on the first mortgage. if we have the same lender for both mortgages and we quit paying on the first mortgage how fast will his credit be impacted?
Since he is not listed as a borrower on the first mortgage his credit is not affected by paying or not paying that mortgage. Even if both loans are with the same company, he is only held responsible for the loan in which he signed.
What are some tips to applying for a mortgage online?
One can find some tips to applying for a mortgage online by going to the Apply For a Loan Online website. It has information about applying for many loans online, including mortgages.
Where can one apply for a mortgage with low interest rates if they have bad credit?
The best option when applying for a mortgage with bad credit would be to speak to a financial advisor since applying for multiple loans can further reduce the credit scores.
Where can someone find information about getting mortgage loans after bankruptcy?
Quicken Loans has an excellent section on how to obtain a loan or mortgage after filing bankruptcy. Most debt consolidation centers and bankruptcy attorneys will have information or references for those seeking information on applying for a post-bankruptcy loan or mortgage.
How long does cosigned studen loans stay on your report?
They stay on your report until the loans are paid off.
Which banks have no money down mortgage loans?
Banks that have no money down mortgage loans include: Cane Equity, Syndicate, and City Can. There are few banks that offer this so it is best to do research on the ones listed to see if they are right for you.
What companies offer new home construction loans?
Most banks and Credit Unions will offer new construction loans. Mortgage brokers may also be able to provide new construction loans. Be sure to have a good cost estimate before applying.
Where can one find information about interest loan mortgages?
When thinking about applying for a mortgage, you will want to look in to the interest rates of loans offered by every bank and mortgage company you are considering. Then you need to find the best option for you, and go with it.
What types of home loans are there?
There are a couple of types of home loans available. Some of those types include FHA loans, Fixed-Rate Mortgage loans, VA loans, and Interest-Only Mortgage loans.
What are some of the different types of mortgage loans?
There are many different types of mortgage loans that are available for the average consumer. One can get fixed rate loans, adjustable loans, and governments guaranteed loans.
Where could one secure a mortgage loan?
One can secure a mortgage loan at various companies, banks, or lenders that offer mortgage loans. Some institutions that offer mortgage loans are Bank of America, Quicken Loans, and Wells Fargo.
