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What is the maximum number of co-signers that can be on a mortgage?
The maximum number of co-signers that can be on a mortgage typically depends on the lender's policies, but it is usually limited to a maximum of four co-signers.
Can you have 2 co-signers on a car loan?
Yes, it is possible to have two co-signers on a car loan. Both co-signers are equally responsible for repaying the loan if the primary borrower defaults.
How many co-signers are allowed on a house?
Typically, a mortgage lender allows up to four co-signers on a house loan.
Is the ability to raise funds to have co signers for a loan?
The ability to raise funds typically does not require co-signers for a loan; however, co-signers can enhance the likelihood of loan approval, especially for individuals with limited credit history or lower credit scores. Co-signers share the responsibility of repayment, which can make lenders more willing to extend credit. Ultimately, the decision to require co-signers depends on the borrower's financial profile and the lender's policies.
If My wife and I are co-signers on a car loan and We can't pay for it and I am disabled but My wife works will She be liable?
Your wife is responsible for the repayment of the loan. The reason lenders require co-signers is to increase the probability that the loan will be paid. Co-signers are equally responsible for repayment.
Are spouses responsible for a deceased husbands bank loan with several co-signers?
Are spouses responsible for a deceased husbands commercial bank loan with several co-signers?
If you have a co-signer is the rate on your loan based on your credit rating or the co-signers?
YOURS.
Is the co-signers credit affected if a monthly payment is late?
Yes. The co-signers credit can be affected if a monthly payment is late. He may also owe late fees.
Can you have two co signers on your car loan?
oh yea
When a felon is caught that out on bail are the co signers still liable to pay the balance?
Yes, if a felon who is out on bail does not comply with the conditions of their release or fails to appear in court, the co-signers may still be held liable for the full bail amount. Co-signers are financially responsible for ensuring that the defendant complies with the terms of their release.
How do you go from being a co-signer to being an owner of the property?
The co-signers name must be on the title to the property in order for them to be a joint owner of the property. The owner must put the co-signer on the title to the property.The co-signers name must be on the title to the property in order for them to be a joint owner of the property. The owner must put the co-signer on the title to the property.The co-signers name must be on the title to the property in order for them to be a joint owner of the property. The owner must put the co-signer on the title to the property.The co-signers name must be on the title to the property in order for them to be a joint owner of the property. The owner must put the co-signer on the title to the property.
Can a person who financed a car co-sign for another person?
Yes, depends on the co-signers credit.
