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What are the negatives and positives of having someone cosign on a home loan if you have less than perfect credit?
Wiki User
∙ 12y ago
the pros are obvious. you get to buy the house whereas you couldn't with poor credit on your own.
if they are a percentage owner on the deed they would get those proportional proceeds when the house would sell.
ideally you would have them on the mortgage, but not on the deed.
Wiki User
∙ 12y ago
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Can a minor cosign a loan with someone other than his or her legal guardian?
If you are a minor, you cannot LEGALLY cosign or sign any loan/contractual agreement.
Can someone on disability cosign a mortgage loan?
You need to ask a mortgage agent.
Can someone without a job co-sign on a car?
Yes, a person without a job can cosign on a car loan. However, the person must have great credit before they can cosign.
If you cosign for someone and they go bankrupt does it affect you?
You would be responsible for the note or loan you co-signed for.
Can you get a auto loan but put the car in someone else name?
You can cosign but both names will be on title.
How many time can you cosign a car?
how many times can someone cosign a car
Can someone not related to you cosign a car?
Yes.
Can a person without a drivers license cosign for someone?
Yes
When you cosign for someone how long are you required to be their cosigner?
For the length of the contract you sign. If you cosign on a 3 yr loan, you are responsible for the debt for 3 years.
Can a minor cosign a loan with someone other than his or her legal guardian?
If you are a minor, you cannot LEGALLY cosign or sign any loan/contractual agreement.
Can someone on social security benefit's cosign for a loan?
Yes, someone on the social security can be able to cosign for a loan. The person cosigning the loan however has to have good credit regardless of his availability on the social security benefit.
Can someone on disability cosign a mortgage loan?
You need to ask a mortgage agent.
Can someone without a job co-sign on a car?
Yes, a person without a job can cosign on a car loan. However, the person must have great credit before they can cosign.
What is the cosign of pi?
The cosign of pi is -1
If you cosign for someone and they go bankrupt does it affect you?
You would be responsible for the note or loan you co-signed for.
Can someone else insure a car if the loan is in your name?
Depending on the state you must at least cosign.
Can you get a auto loan but put the car in someone else name?
You can cosign but both names will be on title.
