Topic: [WTB] Mortgage Cosigner - page 3. (Read 1830 times)
Hilarious
She doesn't have citizenship yet
Can't your mail order bride co-sign?
I don't think you have a clue how real estate works. Please don't spread misinformation in my thread. Spend your time becoming informed instead of sounding stupid.
Don't you realize that anybody with half a brain would require compensation to the tune of the price of the house if they are going to cosign your mortgage? If you find someone desperate enough to do it, I'd say its safe to say their credit isn't sufficient anyway. Literally the only person you could find willing to do this is a [first-time-they still have to have good credit] drug addict. Good luck.
Yeah - as I wrote that, I tried to imagine a scenario that could justify it, such as ponying up an amount of BTC equal to the value of the house / mortgage, to be held in escrow. But even in that scenario, the volatility of BTC makes it a huge risk as the value could go either way.
But imagining that you have that amount of coins, you could just cash them out and buy the house outright if that's what you wanted to do. Or alternatively increase the down payment to the point where the lender would agree to the mortgage.
So I'm just really confused as to what you're asking for and whether you understand the extent of the risk you're asking a stranger to sign onto.
But imagining that you have that amount of coins, you could just cash them out and buy the house outright if that's what you wanted to do. Or alternatively increase the down payment to the point where the lender would agree to the mortgage.
So I'm just really confused as to what you're asking for and whether you understand the extent of the risk you're asking a stranger to sign onto.
Why would anybody agree to this? You know that in the even of your default the cosigner is on the hook for the mortgage, right?
Credit: Used by the bank, credit union or other lender to assess creditworthiness.
Equity: Used by the same to assess the worst-case scenario as to what they can seize if you default.
If these criteria are not adequate for you to secure a mortgage from a traditional lender, what are you offering up that would make someone else want to shoulder the legal responsibility for youreventual possible default? (Edit: that sounded like an accusation. I don't mean to suggest you will default, I'm just asking about the scenario in which you did and somebody else is left holding the bag.)
Credit: Used by the bank, credit union or other lender to assess creditworthiness.
Equity: Used by the same to assess the worst-case scenario as to what they can seize if you default.
If these criteria are not adequate for you to secure a mortgage from a traditional lender, what are you offering up that would make someone else want to shoulder the legal responsibility for your
This is what I'm wondering. Someone could get screwed over bad by doing this, so there really needs to be a deal made that highly favors the person that's signing it. It's a big risk.
Why would anybody agree to this? You know that in the even of your default the cosigner is on the hook for the mortgage, right?
Credit: Used by the bank, credit union or other lender to assess creditworthiness.
Equity: Used by the same to assess the worst-case scenario as to what they can seize if you default.
If these criteria are not adequate for you to secure a mortgage from a traditional lender, what are you offering up that would make someone else want to shoulder the legal responsibility for youreventual possible default? (Edit: that sounded like an accusation. I don't mean to suggest you will default, I'm just asking about the scenario in which you did and somebody else is left holding the bag.)
Credit: Used by the bank, credit union or other lender to assess creditworthiness.
Equity: Used by the same to assess the worst-case scenario as to what they can seize if you default.
If these criteria are not adequate for you to secure a mortgage from a traditional lender, what are you offering up that would make someone else want to shoulder the legal responsibility for your
I am willing to pay top dollar for someone to help me cosign a mortgage. I have no family I can ask. I have good credit and equity. I need someone in California with good credit and high income.
Lmao.
If anything is to embody the essence of Bitcointalk muppetry, it's this. Even above Deprived's collection of noobs giving each other Ripple credit randomly.
I am willing to pay top dollar for someone to help me cosign a mortgage. I have no family I can ask. I have good credit and equity. I need someone in California with good credit and high income.
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