What are the responsibilities of a co-signer?

When you are co-signing for a mortgage, we look at your entire financial situation – credit and income. 

This means that we need just as many documents from you as we need from the main applicant. 

Mortgages have changed a lot over the last decade, so you can expect that you will be required to supply more documents than you may have when you first applied for a mortgage. However, once the mortgage has been signed you will be only be called upon if the the main applicant starts missing payments. 

Most people find the process of getting approved more involved than they thought; however, they find being on the Title for the long-term to be less involved than they thought. 

It’s important to note that most lenders will require all borrowers to be on the Title. Read here for more information on the difference between a guarantor and a co-signer.