Title: Co-signing for a mortgage: The process, risks, and alternatives
Article Snip: "...A loan co-signer is someone who guarantees the debt of a primary borrower. The co-signer effectively takes responsibility for paying the home loan if the primary borrower doesn’t make payments or defaults.
However, being a co-signer does not mean gaining partial ownership of the property. This person is taking on all of the financial responsibility of the loan without receiving any rights to the home. ..."
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