Co-signer Question
A family member has ruined his credit and wants to refinance with cash out. He has about 200k+ in equity and wants to sell within 6 months. My question, is Co-signing a loan- refi or equity line possible and would the best rates be available if the cosigner has excellent credit and prestiges job, including assets. Or would they still look at the main applicants credit and payment history. Just hate to see my brother paying high interest and I want to help get him some quick cash to clear debts and get ahead.
How can I use my credit to help asap? Thank you for any input!
i am also interested in the answer to this question. hence why i reply to send it up....
~Andrew
Andrew,
No reply has been posted, why no reply!, maybe this is a stupid question.
I am new to this site and thought this post was going to draw some creative insight. Now, two of my posts are without a reply. I know other posts have elements that may cover this, however, I think this is different.
KAB.