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Can you have a co-signer on a home equity loan?
Yes, it is possible to have a co-signer on a home equity loan. The co-signer agrees to be responsible for the loan if the primary borrower fails to make payments.
How can a co-signer remove a charge off on a car loan to purchase a home?
A co-signer is just as responsible for the auto loan as the signer is. If they did not pay then you were supposed to. That is what happens when people co-sign. The only way is to challenge the credit bureaus. You can get the directions from each of their websites.
Is it possible to be a co-signer on a mobile home loan if you already own a home of your own?
It's up to the lender whether the co-signer can be approved. If the co-signer can afford to pay for the mobile home in addition to paying for their own home they will likely be approved. The co-signed loan will appear as an outstanding debt on the co-signer's credit record since the co-signer on any loan is fully responsible for paying the loan balance if the primary borrower stops paying. If you are willing to guarantee repayment of the loan and have enough income then you can co-sign.It's up to the lender whether the co-signer can be approved. If the co-signer can afford to pay for the mobile home in addition to paying for their own home they will likely be approved. The co-signed loan will appear as an outstanding debt on the co-signer's credit record since the co-signer on any loan is fully responsible for paying the loan balance if the primary borrower stops paying. If you are willing to guarantee repayment of the loan and have enough income then you can co-sign.It's up to the lender whether the co-signer can be approved. If the co-signer can afford to pay for the mobile home in addition to paying for their own home they will likely be approved. The co-signed loan will appear as an outstanding debt on the co-signer's credit record since the co-signer on any loan is fully responsible for paying the loan balance if the primary borrower stops paying. If you are willing to guarantee repayment of the loan and have enough income then you can co-sign.It's up to the lender whether the co-signer can be approved. If the co-signer can afford to pay for the mobile home in addition to paying for their own home they will likely be approved. The co-signed loan will appear as an outstanding debt on the co-signer's credit record since the co-signer on any loan is fully responsible for paying the loan balance if the primary borrower stops paying. If you are willing to guarantee repayment of the loan and have enough income then you can co-sign.
Can a co signer removed their name from a contract if they have no cause to do so and the borrower did not miss a payment for 17 months?
No. The loan is owned by the lender. The co-signer never has any authority to remove their name from the loan. They need to discuss that matter with the lender.No. The loan is owned by the lender. The co-signer never has any authority to remove their name from the loan. They need to discuss that matter with the lender.No. The loan is owned by the lender. The co-signer never has any authority to remove their name from the loan. They need to discuss that matter with the lender.No. The loan is owned by the lender. The co-signer never has any authority to remove their name from the loan. They need to discuss that matter with the lender.
Can you remove a co-signer without the co-signer's knowledge?
A cosigner can only be removed from a loan through refinancing of the original agreement.
How can I remove a co-signer from my mortgage?
To remove a co-signer from your mortgage, you typically need to refinance the loan in your name only. This involves applying for a new loan based on your creditworthiness and income alone. Once approved, the new loan will pay off the existing mortgage, effectively removing the co-signer from the obligation.
Can you get a loan at 17 with a co-signer?
Yes, you can potentially get a loan at 17 with a co-signer, as the co-signer's credit history and income can help secure the loan.
How is the co signer affected if the primary borrower defaults on a home equity loan?
The bank providing the loan will go after both the primary borrower and the co-signer to get the loan paid back. If the co-signer has more assets/is more liquid than the primary borrower, the bank may just focus on the co-signer as both parties (the co-signer and primary borrower) have full responsibility for the debt regardless of who benefited from the cash.
Can a co-signer make a primary signer refinance?
No. A co-signer has no such authority over the primary borrower. The co-signer is on the hook until the loan is paid off.No. A co-signer has no such authority over the primary borrower. The co-signer is on the hook until the loan is paid off.No. A co-signer has no such authority over the primary borrower. The co-signer is on the hook until the loan is paid off.No. A co-signer has no such authority over the primary borrower. The co-signer is on the hook until the loan is paid off.
How do you get a co signer off your loan if you have bad credit?
The options are limited. You must pay it off or refinance. You would have to get the bank to agree to a refinance with only you as the signer, if you qualify. Banks rarely remove a co-signer from obligations under a mortgage.
What happens when a car payment go into default for the cosigner?
The co-signer has guaranteed the loan, therefore the bank will go after the co-signer for payment. If the loan is in default the default will go on the co-signer's credit record and if they don't pay the balance if will be on their record as a defaulted loan.The co-signer has guaranteed the loan, therefore the bank will go after the co-signer for payment. If the loan is in default the default will go on the co-signer's credit record and if they don't pay the balance if will be on their record as a defaulted loan.The co-signer has guaranteed the loan, therefore the bank will go after the co-signer for payment. If the loan is in default the default will go on the co-signer's credit record and if they don't pay the balance if will be on their record as a defaulted loan.The co-signer has guaranteed the loan, therefore the bank will go after the co-signer for payment. If the loan is in default the default will go on the co-signer's credit record and if they don't pay the balance if will be on their record as a defaulted loan.
Can a co-signer of a car transfer all debt to the main signer of a car?
No. The co-signer will be responsible for paying the loan until it is paid off.No. The co-signer will be responsible for paying the loan until it is paid off.No. The co-signer will be responsible for paying the loan until it is paid off.No. The co-signer will be responsible for paying the loan until it is paid off.
