answersLogoWhite

0

A co-borrower, co-maker, or co-signer make a promise to a lender to repay a note or complete an agreement. The co-borrower, co-maker, or co-signer are generally not the primary recipient of the note or agreement but simply provide additional guarantees to the lender. This is usually done when the borrower, maker, or primary signer does not provide sufficient security or confidence to the lender.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

Does the cosigner on a mortgage need to be on the purchase and sale so the seller is aware of a cosigner?

That is an issue between the mortgage company, the buyer and the cosigner. The seller's only worry is selling the property and getting paid.


What is the difference between a tenant and a guarantor in a rental agreement?

A tenant is the person who rents and lives in a property, while a guarantor is someone who agrees to pay the rent or cover any damages if the tenant is unable to do so.


Is there a difference between co-borrower and co-signer?

Investopedia Says:A co-borrower is different that a cosigner in that a cosigner takes responsibility for the debt should the borrower default, but does not have ownership in the property


Differences between 1950s and now?

differences between now and then 1905s


Differences between fraud and error?

differences between errors and frauds


What is the differences between classification and tabulation in statistics?

Differences between Classification and Tabulation


What are differences between Mesopotamia and Sumeria?

what are the differences between indus and sumer civilization


What are the differences between a hybrid engine and a conventional automobile engine?

They are to many differences between them


Describe differences between northbridge and southbridge?

describe differences between northbridge and southbridge?


What are the similarities and differences between the Tudors and the Aztecs?

what are the similarties and differences between the tudors and the Aztecs


What are some differences between Soldiers and Militias?

What are some differences between soldiers and Militias


What did postmodernists writers believe about the differences between people?

differences between people and cultures