Posted on: 08th Aug, 2009 01:52 pm
Hello,
I live in Toronto, Canada. I am paying 1000$ every month as rent. Now me and my hubby is deciding to buy our own house, but as his and mine credit score is not good, we are asking his father to co-sign for us. His dad has his own house which is all paid means no mortgage on his house.
I just wanna ask what would be his ( his dad ) responsibily if he co-signs for us. What kinda paper work he has to do to be able to do this?
Thanks.
Simone.
I live in Toronto, Canada. I am paying 1000$ every month as rent. Now me and my hubby is deciding to buy our own house, but as his and mine credit score is not good, we are asking his father to co-sign for us. His dad has his own house which is all paid means no mortgage on his house.
I just wanna ask what would be his ( his dad ) responsibily if he co-signs for us. What kinda paper work he has to do to be able to do this?
Thanks.
Simone.
simone
Welcoem to the forum
He will need sign all the papers what yoru frind sings before gettign the mortgage.
He is as miuch resposnible for loan, as much as your friend.
Good luck and feel free to ask
Welcoem to the forum
He will need sign all the papers what yoru frind sings before gettign the mortgage.
He is as miuch resposnible for loan, as much as your friend.
Good luck and feel free to ask
simone
Welcoem to the forum
if he is signing as coowner, he will be assumed as one liable to pay mortgage. since he has good credit scroe, he can do it to help you out.
Welcoem to the forum
if he is signing as coowner, he will be assumed as one liable to pay mortgage. since he has good credit scroe, he can do it to help you out.