Posted on: 21st Mar, 2011 04:47 pm
my husband and I have a mortgage and want to buy a vacation home in another state. If the the lender says our debt ratio is too high for the second home, could we qualify with a cosigner with excellent credit?
Hi gtgurl!
Welcome to forums!
A co-signer with good credit may help you in qualifying for a mortgage. You can inform the lender about the co-signer and I don't think you'll face any problems in getting a mortgage.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
A co-signer with good credit may help you in qualifying for a mortgage. You can inform the lender about the co-signer and I don't think you'll face any problems in getting a mortgage.
Feel free to ask if you've further queries.
Sussane