February 4th, 2020

4 Things To Do Before Co-Signing A Mortgage For Your Child

4 Things To Do Before Co-Signing A Mortgage For Your Child

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It can be hard to convince a lender that a young person is ready to buy a house. There may not be a long credit history, a lack of assets might make it hard to fund a down payment, and the buyer’s age can cause banks to hesitate. One of the ways for parents to help with this process is to co-sign on the mortgage. Before doing this, there are a few important steps to keep in mind.