"Mortgages can be fun!"
(said no one ever)
Co-borrowers are common when getting a mortgage, but having multiple incomes, assets, credit scores and liabilities, can add some complexity. Especially when it comes to knowing what you can qualify for. Here are some questions we’ve answered about mortgages where multiple borrowers are involved:
It’s usually better not to be on the loan if you don’t have to. There are a few minor benefits to being on a loan (ex: building up good credit) but generally they’re not appealing enough for most people to put themselves on mortgages unnecessarily.
PS Check out our simple eval process where you can choose whether you want to: get real rates specific for your scenario (beware of teaser rates!), see how much home you can afford, get pre-approved, or quickly submit your contact info so we can get back in touch.