- Joined
- Apr 25, 2006
- Messages
- 547
- Reaction score
- 2
CoBorrowers.com
Taking offers.
BIN will be added shortly.
Definition:
A co-borrower in mortgage lending is a person who, along with the primary borrower, accepts responsibility for repaying the debt. Also referred to as co-signers or co-applicants, co-borrowers are often required when the primary borrower applying is not creditworthy for one reason or another. Often, adding a co-borrower to a mortgage helps primary borrowers who have no credit history, poor credit history, or insufficient income get approved for a loan with better finance options. (QuickenLoans.com)
Taking offers.
BIN will be added shortly.
Definition:
A co-borrower in mortgage lending is a person who, along with the primary borrower, accepts responsibility for repaying the debt. Also referred to as co-signers or co-applicants, co-borrowers are often required when the primary borrower applying is not creditworthy for one reason or another. Often, adding a co-borrower to a mortgage helps primary borrowers who have no credit history, poor credit history, or insufficient income get approved for a loan with better finance options. (QuickenLoans.com)
