let's talk about cosign you have someone that wants to buy a home and they say my credit

isn't so good I have a family member

that's got great credit great income can

we have them to have that cosigner work

with them the answer is no when you're

doing a cosign please keep in mind and I

get it all the time you have to have the

minimum credit scores you have to have

the income the credit and the financial

balls we're about to get it done so for

example someone wants to get help in

buying a home but they want to get a

family member to help cosign maybe their

income isn't showing all the strengths

that they have although they can afford

it that parent can help cosign for them

but you have to remember everyone's

gonna be on title everyone's gonna be on

the sales contract and everyone's

responsible for the note so a lot of

times maybe someone out of college

buying a home needs to get a cosigner to

help out that's great but you know one

of the things you may want to consider

after two or three years is probably

refinancing and relieving that cosigner

off of it when we talk about cosign that

doesn't mean that person has to live in

the home a cosigner is a non owner

occupant cold borrower meaning they make

all their own homes live forever but

they're helping sign with them on the

mortgage but they're not planning on

owner occupying the home that is

absolutely fine and great so co-signing

is a wonderful tool but remember

everyone's got to have the credit and

they take the debt and the income of

both parties to make sure that they

qualify as long as it all pans out and

qualifies through the ratios given

through the guidelines you can cosign

for a loan but remember you are on the

note you are on the contract and you are

on the deal have a great day and a great

week