Co-Signing a Mortgage: Should I Have Done It?

Co-Signing a Mortgage: Should I Have Done It?

I went through a terrible divorce 15 years ago. I will finally finish paying my ex-husband in July. My divorce was so costly that I never remarried. My boyfriend of 14 years was having financial problems and needed to refinance his house to pay off his debt. It could not be approved without a co-signer. … Read more

Understanding the Risks: Co-Signing a Mortgage and Potential Consequences for Parents

Co-Signing a Mortgage: Should I Have Done It?

My mother and stepfather just co-signed a mortgage for my brother. My mother said their house was used as collateral. If my brother can’t pay his mortgage, our mother will have to pay it for him, or the bank will take his house, right? Also, what happens if my mother and stepfather both pass away … Read more

Can I Get a Loan to Purchase a Quadplex with No Income?

Can I Get a Loan to Purchase a Quadplex with No Income?

First of all, I’m a complete beginner, I know almost nothing and I expect to be made fun of. Here’s my question: I currently live with my girlfriend. I was looking for houses and found a very nice quadplex that was just renovated. I run two businesses, but I personally have no source of income. … Read more