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What are the legal differences between a co-borrower co-maker co-signer and guarantor?
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.
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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
What is the difference between a cosigner and a cobuyer when applying for a loan?
A cosigner is someone who agrees to pay back the loan if the primary borrower cannot, while a cobuyer is someone who shares ownership of the purchased item and is equally responsible for the loan payments.
The differences between impatient and patient capital?
what the differences between impatient and patient people. and how can we compare their personal?
What are the differences between the options available?
The differences between the options available refer to the distinctions or variations among the choices that can be selected. These differences can include features, qualities, prices, sizes, or any other factors that set one option apart from another.
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 is the difference between surety and guaranty?
With regard to surety, the creditor can look to the surety for immediate payment upon the occurrence of a default by the principal obligor or debtor. However, where an individual is a guarantor, the creditor must first attempt to collect the debt from the principal debtor/obligor before demanding performance from the guarantor.
What is the difference between a cosigner and a cobuyer when applying for a loan?
A cosigner is someone who agrees to pay back the loan if the primary borrower cannot, while a cobuyer is someone who shares ownership of the purchased item and is equally responsible for the loan payments.
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
