Posted on: 24th Oct, 2010 01:27 pm
will this be a problem i will pay any shortfall for my son if he has any he and his gf both work full time. the reason they need a co signer is that he has no credit history. i have taught him to pay cash or use his debit card. so at 22 he has no credit snd no debt makes close to 40k gf is about 30k. i am doing a refinance to to a one time settlement with my x.
thank you all
thank you all
Hi ecm,
As your son does not have any credit record, it might get difficult for him to cosign for a mortgage. Nevertheless, you should contact a lender and take his opinion in this matter. It will be the lender's discretion whether or not he will agree to it.
As your son does not have any credit record, it might get difficult for him to cosign for a mortgage. Nevertheless, you should contact a lender and take his opinion in this matter. It will be the lender's discretion whether or not he will agree to it.