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A co-signer to a mortgage accepts full responsibility for the payment of the mortgage. Although it is not required for mortgage purposes that the co-signer have an interest in the property, that concept triggers another question.
Why would a person who does not own real property accept the responsibility for paying for it? The bank wants a co-signer so that if the primary borrower defaults it can go after the co-signer for payment of the debt.
If after being fully informed of your obligations, risks and possible consequences of co-signing you decide to co-sign a mortgage you should make certain your name is added to the title.
Wiki User
∙ 14y ago
Wiki User
∙ 16y agoThat is something that you should discuss first with your mortgage lender, and second with the co-signer. You and the co-signer will need to come to an agreement.
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Some organisation claims you can buy a property with a Quit claim deed from owner and take over mtg payments and you would own the property when you have the loan paid off?
That may be possible but you should only do it if you are represented by your own real estate attorney.
What is the abbreviation for 'mortgage'?
the abbreviation is mtg
In what year did MGIC Investment Corporation - MTG - have its IPO?
MGIC Investment Corporation (MTG)had its IPO in 1991.
How do you abbreviate Meeting?
MTG
Does a co-signer on a mtg get any rights to the property if the main borrower dies?
That depends on whose names are on the deed and how they hold title. If you are not on the deed and agreed to pay the mortgage you don't acquire any property rights.That depends on whose names are on the deed and how they hold title. If you are not on the deed and agreed to pay the mortgage you don't acquire any property rights.That depends on whose names are on the deed and how they hold title. If you are not on the deed and agreed to pay the mortgage you don't acquire any property rights.That depends on whose names are on the deed and how they hold title. If you are not on the deed and agreed to pay the mortgage you don't acquire any property rights.
What does MTG stand for?
MTG - MGIC Investment Corp. (NYSE)MTG - Magic The Gathering (Trading Card Game)MTG - Modern Times Group (a leading international entertainment broadcasting group with the second largest geographical broadcast footprint in Europe.)MTG - Musical Theatre Guild (The non-profit, student-run MIT Musical Theatre Guild is the oldest and largest theatre organization at MIT.)
How do you abbreviate mortgage?
mtg usually.
What are wish counters?
lol they are in mtg
How do you abbreviate the word mortgage?
Mtg.
Are there slivers in MTG Duels of the Planeswalkers?
No.
Abbreviation for the word meeting?
Mtg.
What is the market cap for MGIC Investment Corporation MTG?
As of July 2014, the market cap for MGIC Investment Corporation (MTG) is $2,697,971,467.96.
