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Did you help make payments? If all you did is to cosign, then no.

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16y ago

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When you sell home and get the proceeds from sale of the home and spend that money then can you receive medicaid without the liend?

no


What is an example for altruism?

A family selling its home, in order to donate half of the proceeds to charity.


Can you have a cosigner on a home equity loan?

Yes, it is possible to have a cosigner on a home equity loan. The cosigner agrees to be responsible for the loan if the primary borrower fails to make payments.


Can a lender call the home number of a cosigner in order to verify the information of the cosigner?

YES!


Can you get a cosigner for a home equity loan?

Yes, you can have a cosigner for a home equity loan. A cosigner is someone who agrees to be responsible for the loan if the primary borrower fails to make payments. Having a cosigner can help you qualify for a loan or get a lower interest rate.


Can you get a Home Equity Line of Credit (HELOC) with a cosigner?

Yes, it is possible to get a Home Equity Line of Credit (HELOC) with a cosigner. The cosigner's credit and income will be considered in the application process, and they will be equally responsible for repaying the loan.


Can you have a cosigner on a Home Equity Line of Credit (HELOC)?

Yes, it is possible to have a cosigner on a Home Equity Line of Credit (HELOC). The cosigner would be equally responsible for repaying the loan if the primary borrower is unable to do so.


Can a HELOC be obtained with a cosigner?

Yes, a Home Equity Line of Credit (HELOC) can be obtained with a cosigner. The cosigner is equally responsible for repaying the loan if the primary borrower defaults.


Are proceeds from the sale of a second home taxable?

Not the entire proceeds, just the capital gain.


Can the cosigner sell the home if payments are not being made?

Absolutely not!


What are the requirements for having a cosigner for a home equity loan?

To have a cosigner for a home equity loan, the primary borrower typically needs to meet the lender's credit and income requirements. The cosigner must have a good credit score and sufficient income to cover the loan payments if the primary borrower cannot.


Would a HELOC cosigner be required for me to qualify for a home equity line of credit?

A cosigner may be required for you to qualify for a Home Equity Line of Credit (HELOC), but it depends on your individual financial situation and the lender's requirements. Having a cosigner can help strengthen your application and increase your chances of approval.