How do you get a mortgage co signer?

Answer by  petra7x (17)

Because a co-signatory on a mortgage takes on a substantial financial risk with out any direct personal benefit, few will volunteer to do so except for very close blood relatives. Almost always it is a parent or parent in law who cosigns for a child. You could ask, But it is unlikely anyone else would do this for you.

Answer by  tamarawilhite (17883)

This is unwise. If the lender wants a cosigner, it means they do not trust you to pay all the payments. Either clean up your credit to get a better mortgage (including better interest rate) or rent longer so you can build up a better down payment.

Answer by  barkley (951)

You should find your own cosigner, generally a family member, business partner or a close friend that you have a good relationship with.

Answer by  blahblah (670)

A mortgage co-signer must back the mortgage if you don't. You need to find someone who trusts you or who loves you enough to pay it for you.