A beneficial co-signer try an individual who agrees to ensure their mortgage
From the co-signing on your loan, this individual agrees that they’re going to pay the home loan for folks who default and you will are not able to take action. Individuals with less than perfect credit or a lack of earnings so you can qualify for a home loan can sometimes get a hold of a buddy otherwise family member in order to attest to them. The co-signer are legitimately forced to spend the money for mortgage or even. …