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Yes. However, you should be fully aware that if the primary borrower does not pay you will be responsible for paying the mortgage. You have no other rights in the property.

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15y ago

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Can someone on disability cosign a mortgage loan?

You need to ask a mortgage agent.


Would cosigning a car loan hurt you for a mortgage?

It may. When you cosign a loan it becomes your own debt. By cosigning you agree to be responsible for paying the loan balance if the primary borrower stops making payments. That's why the bank requires a cosigner. If you apply for a mortgage the lender will figure that debt into the calculations as to your ability to repay the mortgage you apply for.It may. When you cosign a loan it becomes your own debt. By cosigning you agree to be responsible for paying the loan balance if the primary borrower stops making payments. That's why the bank requires a cosigner. If you apply for a mortgage the lender will figure that debt into the calculations as to your ability to repay the mortgage you apply for.It may. When you cosign a loan it becomes your own debt. By cosigning you agree to be responsible for paying the loan balance if the primary borrower stops making payments. That's why the bank requires a cosigner. If you apply for a mortgage the lender will figure that debt into the calculations as to your ability to repay the mortgage you apply for.It may. When you cosign a loan it becomes your own debt. By cosigning you agree to be responsible for paying the loan balance if the primary borrower stops making payments. That's why the bank requires a cosigner. If you apply for a mortgage the lender will figure that debt into the calculations as to your ability to repay the mortgage you apply for.


What happens if you cosign a loan and the other person dies?

If you cosign a loan and the other person dies, you may become responsible for repaying the loan in full. It is important to carefully consider the risks before agreeing to cosign a loan.


Can my wife cosign a car loan for me?

Yes, your wife can cosign a car loan for you. This means she is agreeing to be responsible for the loan if you are unable to make payments.


Can an employer co-sign for a student loan?

Yes, an employer can cosign for a student loan. Any one can cosign for a student loan if they meet the requirements.


Can a minor cosign on a loan?

absolutely not. Minors are not able to cosign any loans, only an adult (eighteen years or older) is aloud to cosign a loan. the law states that any minor is not responcible for the repayment of any loan.


Can you cosign a loan if you live out-of-province?

Ca


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 my girlfriend cosign for me on a loan or financial agreement?

Yes, your girlfriend can cosign for you on a loan or financial agreement, which means she is agreeing to be responsible for the debt if you are unable to pay.


If you cosign a student loan will you still be eligible for a student loan for yourself?

YES


If I cosign a car, will the car be in my name?

No, if you cosign a car loan, the car will not be in your name. You are simply agreeing to be responsible for the loan if the primary borrower fails to make payments.


Is it possible to pay someone to cosign a loan for me?

Yes, it is possible to pay someone to cosign a loan for you. However, it is important to carefully consider the implications and responsibilities involved in cosigning a loan before proceeding.