With the high cost of housing these days, it can be tough for anyone to get approved for a mortgage, let alone a young adult who might just be early on in their careers. If your adult child is looking to buy a home but can't secure one on his or her own, you may want to co-sign on a mortgage. But before you do, there are some things you should do first, and this article will outline what they are.
A mortgage is a significant responsibility. For this reason, many people have someone co-sign with them on their mortgage. Before agreeing to co-sign on any mortgage, it is important to ask the right questions. There are several crucial questions that everyone should ask before they co-sign on someone else's mortgage.