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When applying for a mortgage, one has the option of adding a cosigner. One needs to consider the advantages as well as disadvantages before deciding on a cosigner. Additional income might improve the chances of getting approved for the loan, however, other factors, such as lower credit score might have the opposit effect.
First answer by MortgagePro. Last edit by MortgagePro. Contributor trust: 26 [recommend contributor]. Question popularity: 11 [recommend question]
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Can a new cosigner be added to the loan?
