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Does a co-borrower on a loan who isn't an owner of the property need to sign the mortgage as well?

Kyle Mckinney

in Student Loans

1 answer

1 answer

Whitney Matthews on October 6, 2018

No. A non-owner should NEVER sign a mortgage. A person who has no interest in the real estate should have no interest in the promise of being responsible for the debt of the mortgage. If someone who is not the owner of the property signs the mortgage they are promising to pay for property you do not own. If the primary borrower, the bank will go after the co-signer.

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