hey is it possible to get a co signer for a house with out them living there? such as in someone cosigns on the loan for us… and is not responsible for any payments unless we dont make them… and they dont have to live there? seems a little odd you can get a cosigner for other types of loans but the place we are dealing with says hed wither have to be primary on mortgage and wed have to do a land contract… or he cant be on it at all… lemme know if any of this makes sense.
No, can you use better punctuation and correct your spelling?
lol sorry!
I know people who have had parents/relatives sign on loans and haven’t lived there. shady…
yeah my grandparents signed for my parents when they bought their frist home…
and no im not fixing my typing… its the internet get over it and grade so papers.
and yes it is shady.
pm
rookee, josh & the crew can get anything done.
Precocious Moderator?
who’s that?chad?? :boink
read the quote again
did ,is it chad or be-rag?
:repost:
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Poor spelling and punctuation is a reflection of you as a person. You should take some pride in how well your posts are written because it will sway the opinions of people reading them. Of course, that’s just my opinion.
On the real subject of your post, there is no problem with having co-signers on a mortgage that do not reside in the house. My wife works for a lending institution and she processes loans for homes every day. A co-signer is just an additional person to guarantee that you will follow the terms of the loan and the bank gets paid in a timely fashion. Lots of people do it when they have poor credit or not enough of a credit history to qualify for a loan by themselves. It’s not a big deal or a poor indicator of the person buying the house. After a few years, most people have a good payment history on their mortgage and enough equity built up so the co-signer can be removed from the loan.
it’s kinda case by case on the not living there thing. sometimes you can get away with it sometimes you can. but if a payment is missed it shows up on both the primary and the cosigners credit. no way around that. :hsugh:
well does this same idea stick to pa or does it go to ohio as well? i wanna kind of shop around for a mortgage, know what i mean? anyways, the fiance and i signed the seller agreement papers on the house which gives us 30 days to get credit approved. I want to get this out of the way as soon as possible. any of you h uys deal with ohio or does it matter? and more inportantly is there a way i can get a kinda of feel if this would even work without pulling a credit score? the gf is trying to raise her score as much as possible as quicky as possible and we dont want to loose points from haveing a credit report run a lot
Omg I Lost Another Loan To Ditech!!!1112
that score dropping thing is a crock of shit. my score was pulled like 5 times when i bought my house and it went up during the process. it’s made to be pulled so shop away but i’d stick to 2 or 3 companies. laws about fees and disclosures change state to state but the cosigner thing is worldwide, any loan of any type, anyone who tells you different is lying to you. i don’t work in ohio but i’ll be more than happy to look over anything ppl send you to make sure you’re being taken care of. pm me with anything and i’ll give you the cell. good luck!!! 