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Co-Signer vs. Guarantor

signature If you can’t qualify for a mortgage on your own, a co-signer or guarantor can often get the job done.

Bankrate.com has a good article outlining the differences between the two.

Basically, a co-signer is on the title and a guarantor isn’t.  However, a guarantor must be more credit worthy because he/she “guarantees” the entire mortgage.

Each has their role.  Read more here.

Thanks to CMN for the link.

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Last modified: April 25, 2014

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