What is a co-grantor?

Answer 1

A co-grantor is an individual or entity that shares the responsibility of granting a loan or financial support alongside another party. This role typically involves signing the loan agreement and providing collateral or guarantees, thereby enhancing the borrower's creditworthiness. Co-grantors are often involved in situations where the primary borrower may have insufficient credit or income to secure the loan independently. Their participation can help facilitate access to financing for the borrower.