How to Cosign Responsibly on a Mortgage

How to Cosign Responsibly on a Mortgage
Cosign on a Mortgage. Yuriy K/Shutterstock
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Buying a house is an exhilarating stage in life. A home to call your own. Many people who today are homeowners would not have been able to get to the point of buying their house without the advantage of a cosigner. According to Forbes, one in six adults have cosigned on a loan at some point in their life.

A cosigner is a great way for someone to get a mortgage when they don’t have enough of their own income to qualify for a mortgage loan.