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A cosigner is obligated as long as the loan exisists. The loan must be paid off or refinanced into the primary borrower's name only to release the cosigner.

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โˆ™ 2011-01-21 01:59:12
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Q: How long does the co-signer have to stay on an auto loan?
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How long does a co signer stay on a student loan?

As long as the loan is in force (until the loan is paid off)


Can a primary be removed from a loan?

That will have to be arranged between the lender and the co-signor. The only way to remove anyone from a loan is to have the person being removed sign verifying that they want to be removed AND whoever will be left on (or added to) the loan must reapply for the loan on their own. This means, if the cosigner does not have good enough credit, then either the primary must stay on the loan or (if the loan is backed by collateral such as a car or house) then the collateral can be sold to a third party. In which case, of course, the primary and cosigner will be removed.


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How long does a co-signer have to stay on an auto loan?

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The best student loans to get are government student loans.Of the government loans, the best one is a Federal Perkins Loan. These have low interest rates and the government will help you pay it back as long as you stay enrolled in school. You also don't need a cosigner or good credit for it.The next best loan is a Federal Subsidized Stafford Loan. This has many of the same benefits as a Perkins Loan.Finally, the Federal Unsubsidized Stafford Loan is available to all students, regardless of financial need.


Can you remove A CO signer name after six months?

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How long does an exclusion on a driver stay in effect with auto insurance?

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How long does an auto accident stay on your driving record in North Carolina?

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Can you get a loan for a house without a cosigner?

Plenty of homes are sold to individuals without a cosigner. Usually there are only 2 reasons a bank will ask for a co signer. One being, if their prospective client does not have sufficiant funds available to make the estimated mortgage payments and other monthly debt payments and stay under 50% debt to income ratio, two being credit issues.


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What is an ARM loan and is it better than a traditional loan?

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