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

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

    “What’s more of a concern is if the borrower is unable to make the payments and doesn’t inform the cosigner,” says Brian Kuhn, senior vice president and a financial advisor at Wealth ...

  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. There are two types of parties that can apply for a loan alongside the primary borrower: a co-signer and a co-borrower. In both situations, all parties are legally responsible for the debt that ...

  5. 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 ]

  6. Loan servicing - Wikipedia

    en.wikipedia.org/wiki/Loan_servicing

    Loan servicing is the process by which a company (mortgage bank, servicing firm, etc.) collects interest, principal, and escrow payments from a borrower. In the United States, the vast majority of mortgages are backed by the government or government-sponsored entities (GSEs) through purchase by Fannie Mae, Freddie Mac, or Ginnie Mae (which purchases loans insured by the Federal Housing ...

  7. Mortgage underwriting in the United States - Wikipedia

    en.wikipedia.org/wiki/Mortgage_underwriting_in...

    Credit is what the underwriter uses to review how well a borrower manages his or her current and prior debts. Usually documented by a credit report from each of the three credit bureaus, Equifax, Transunion and Experian, the credit report provides information such as credit scores, the borrower's current and past information about credit cards, loans, collections, repossession and foreclosures ...

  8. The Differences Between Co-Borrowers and Co-Signers - AOL

    www.aol.com/news/differences-between-co...

    A lender accounts for the co-borrower's or co-signer's credit and income when evaluating you for a loan. If you're applying for a loan but struggling to qualify, you might want help from a co ...

  9. What is joint borrowing? - AOL

    www.aol.com/finance/joint-borrowing-190834758.html

    The main point of a co-signer is some added support to help the primary borrower secure the loan. The co-signer’s income is also not typically considered on top of the primary borrower’s income.