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How will co-signing a mortgage for your mother effect your chances of getting a home of your own at a later date?
Wiki User
∙ 18y ago
Co-signing a mortgage will put the debt on your credit report as well as hers. If your credit is bad, it will help improve your credit, however the loan may affect your chance depending on your income and whether the mortgage is still being paid when you apply for a mortgage. Before co-signing make sure you talk to a mortgage consultant who would be able to answer the question to your specific situation.
Wiki User
∙ 18y ago
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Will cosigning a loan effect your ability to get a loan?
Yes, it will affect your debt to income ratio.
Can a friend of mine cosigning a apartment hurt her chance on buying a house?
no dont worry it has no effect
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If you apply for a mortgage and get turned down will it effect your chances if you apply again with a co-borrower?
Most likely not. As long as credit scores are okay, the co-borrower is assumed to be brought in to assist the primary borrower in qualifying and will not hurt your chances of getting another loan. If you already applied for a mortgage and you were turned down it would be a good idea to try with a co borrower as this could increase your chances of getting approved. Now there are various factors as why a loan is turned down such as credit, debt to income ratio, etc so it would be best to figure out why the application was turned down and if adding a co-borrower would resolve the issue. Veronica Rodrigues Voyage Home Loans
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Depo-Provera is very effective birth control method, chances of getting pregnant while using Depo is very, very small. Geritol is a brand of vitamins that will not effect your chances of getting pregnant.
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Does cosigning for a vehicle lease obligate you to other debts the person has?
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Can a cosigner be added to a loan?
When applying for a mortgage, one has the option of adding a cosigner. One needs to consider the advantages as well as disadvantages before deciding on a cosigner. Additional income might improve the chances of getting approved for the loan, however, other factors, such as lower credit score might have the opposit effect.
How does a reverse mortgage affect the credit score?
eliminates the old mortgage, otherwise no effect
