how this will effect my ability to qualify for my own mortgage
I will probably be in the market for a mortgage on my first home in the
next year or so.
My question is:
If I cosign a mortgage-refinance for a family member now, does anybody
have any experience in how this will effect my ability to qualify for
my own mortgage in about 6 months from now.
The family member seeking the co-signature, claims that his mortgage
counselor says that the co-signed mortgage would not effect my future
elgibility for my own mortage, but I find this difficult to believe.
Email replies are fine unless the net show interest in this topic.
- If the mortgage counselor really believe that, why don't you ask him/her
to co-sign for your family member. It seems that this mortgage counselor
had ABSOLUTELY no idea of the loan process is like.
Co-signing means you'll be liable for the FULL