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Parents Co-Signing on Home Loan
Asked by S.B. from Denver
on June 11, 2009
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Me and my husband are looking into buying a home. We can not qualify with his credit, but we can with mine and a co-signer. My parents are more then happy to do it f...
Answers
- S., Here is my opinion, wait till you can do it on your own. We have owned 2 town houses in the past, with no co-signers. We put a house under contract I lost my ...
- Most financial advisors I've ever heard are against co-signing. I'm not sure all the reasons why, but people I know who have done it wish they never had as it ruins t...
- I would wait. "Co-signing" on a home is really just both of you buying it. They would have all rights to it just as you would. If you aren't comfortable with that situ...