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  2. A co-signer takes on all the rights and responsibilities of a loan along with the borrower. This means that if the borrower can’t make a payment on the loan, the co-signer is responsible.

  3. Should you add a co-borrower to your mortgage? - AOL

    www.aol.com/finance/add-co-borrower-mortgage...

    A co-borrower, also referred to as a co-applicant or co-requestor, is an additional person on a mortgage. In a co-borrowing situation, both borrowers complete an application, and the mortgage ...

  4. Before Co-Signing a Mortgage, Consider These 6 Possible Pitfalls

    www.aol.com/news/2013-04-15-co-signing-mortgage.html

    When you co-sign to help somebody else qualify for a mortgage, the relationship between you and the primary borrower taking out the loan doesn't matter, as long as it's fully explained and documented.

  5. FHA insured loan - Wikipedia

    en.wikipedia.org/wiki/FHA_insured_loan

    The borrower, who pays an insurance premium of 0.5% on declining balances for the lender's protection, receives two benefits: a careful appraisal by an FHA inspector and a lower interest rate on the mortgage than the lender might have offered without the protection. In some states, the FHA inspection may be waived for smaller FHA loans, usually ...

  6. Should you use a cosigner to get a loan? The pros and cons - AOL

    www.aol.com/finance/cosigner-loan-pros-cons...

    “If you’re considering using a co-borrower or cosigner to qualify for a loan, be sure to confirm upfront with the lender which term applies,” says Barry Rafferty, senior vice president of ...

  7. Mortgage law - Wikipedia

    en.wikipedia.org/wiki/Mortgage_law

    This was the mortgage by conveyance (aka mortgage in fee) or, when written, the mortgage by charter and reconveyance [8] and took the form of a feoffment, bargain and sale, or lease and release. Since the lender did not necessarily enter into possession, had rights of action, and covenanted a right of reversion on the borrower, the mortgage was ...

  8. Mortgage servicer - Wikipedia

    en.wikipedia.org/wiki/Mortgage_servicer

    A mortgage servicer is a company to which some borrowers pay their mortgage loan payments and which performs other services in connection with mortgages and mortgage-backed securities. The mortgage servicer may be the entity that originated the mortgage, or it may have purchased the mortgage servicing rights from the original mortgage lender. [ 1 ]

  9. Should you cosign a loan for your child or a loved one? A ...

    www.aol.com/finance/pros-cons-cosigning-loan...

    Benefits of cosigning. Drawbacks of cosigning. You can help a loved one qualify for a loan. You assume full liability for payments and late fees if the main borrower falls behind or files bankruptcy