Cosigning on a mortgage might sound simple, but it can be quite a bit more complex than a lender might lead you to believe. Those who cosign on a mortgage, like parents who do this for their children, are on the hook for quite a lot-up to the total expense of the mortgage itself. In this Ross Taylor and Associates video, Ross explains that while a cosigner’s role is important, it is also one that is not at all free of risk. In addition to talking to each other, consulting a financial expert can help signers and cosigners come to the most amiable agreements with each other and their lenders.
Find out more at
http://AskRoss.ca
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