Hellow guys, Welcome to my website, and you are watching Cosigner on Mortgage - How to, Pros and Cons. and this vIdeo is uploaded by Julee Felsman | Workshop Team | Guaranteed Rate at 2023-03-17T07:59:13-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | Cosigner on Mortgage - How to, Pros and Cons |
| Video Uploader | Video From Julee Felsman | Workshop Team | Guaranteed Rate |
| Upload Date | This Video Uploaded At 17-03-2023 10:59:13 |
| Video Discription | Have any questions or want to talk about your situation? Let's chat! Schedule a call: https://calendly.com/juleef/let-s-say-hi 📞Text or call 📞: 503-799-3711 To apply: https://rate.com/juleef Lending wherever you want to call “home” 🏠❤️ -- in all 50 states. Is your income too low to qualify for a mortgage? Adding a cosigner may be the answer. In this video, I share everything you – and your cosigner – need to know. The process, when cosigning does (and doesn’t) help a loan and what loan programs allow cosigning. I also discuss the risks you and your cosigner are taking, how to manage those risks and how to secure a release of liability for your cosigner in the future – using an assumption or by refinancing. In this video: 00:00 - Introduction 00:20 - How lenders use cosigners 00:59 - What is (and what isn’t) a cosigner? 01:21 - Debt-to-income ratios (DTI) and cosigning 02:19 - Which loan programs allow cosigners? 02:52 - How loan rules change with a cosigner 03:36 - Who can cosign? 04:19 - How does the process work for a cosigner? 04:57 - What responsibilities does a cosigner have? 05:29 - Cosigning credit and credit reports 07:43 - Managing your cosigner’s risks 08:29 - Releasing your cosigner - assumption vs refinancing #mortgagebroker #mortgageadvice #cosigner #firsttimebuyer Julee Felsman, SVP of Mortgage Lending NMLS 120831 Guaranteed Rate, Inc.; NMLS #2611. Equal Housing Lender. www.nmlsconsumeraccess.org www.rate.com/licensing www.rate.com/privacy Branch address: 1300 SE Stark St #111, Portland, OR 97214 State Licenses: AK - AK120831, AL - 73482, AR - 117882, AZ - 1002329, CA - CA-DBO120831, CO - 100514850, CT - LO-120831, DC - MLO120831, DE - MLO - 120831, FL - LO66603, GA - 67474, HI - HI-120831, IA - 34589, ID - MLO-2080120831, IL - 031.0056868, IN - 42483, KS - LO.0039957, KY - MC713848, LA - Licensed, MA - MLO120831, MD - 120831, ME - Licensed, MI - 120831, MN - MN-MLO-120831, MO - MO-120831, MS - 120831, MT - 120831, NC - I-187748, ND - NDMLO120831, NE - Licensed, NH - Licensed, NJ - Licensed, NM - Licensed, NV - 65660, NY - Licensed, OH - MLO-OH.120831, OK - MLO21956, OR - Licensed, PA - 74700, RI - Licensed, SC - MLO - 120831, SD - MLO.09183, TN - 203658, TX - Licensed, UT - 12003187, VA - MLO-41738VA, VT - VT120831, WA - MLO-120831, WI - 120831, WV - LO-120831, WY - 8673 Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Guaranteed Rate for current rates and for more information. By refinancing, you may pay more in costs and interest over the extended term. Sample rate provided for illustration purposes only and is not intended to provide mortgage or other financial advice specific to the circumstances of any individual and should not be relied upon in that regard. Guaranteed Rate, Inc. cannot predict where rates will be in the future. All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Guaranteed Rate, Inc. does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Guaranteed Rate, Inc. Guaranteed Rate, Inc. its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action. Content found in these videos is public information. However, all information including text, photographs, etc. is copyrighted and is protected by United States and international copyright laws. These videos may not be used, reproduced, or distributed for commercial purposes without prior written consent from Julee Felsman and Guaranteed Rate. |
| Category | Education |
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