Co-Signers, Guarantors, Joint Tenants, and Tenants in Common

Mortgage applications often reach that critical tipping point when the addition of a non-occupying applicant is required to push the application over the finish line for approval. The non-occupying applicant is often a parent or close family member and is referred to as either a Co-signer, or Guarantor. The difference between the two is as follows:Co-Signer: the addition of a non-occupying applicant to a mortgage and land title registration.Guarantor: the addition of a non-occupying applicant to a mortgage, without the requirement of registering on title. Only available with select lenders and with loan to value ratios that are less than 80%As you are now aware, there are two distinct types of non-occupying mortgage applicants...CLICK HERE to be re-directed to the blog version of this episodeContact Marko, he's a Mortgage Broker!604-800-9593 direct Vancouver403-606-3751 direct Calgaryhomefinancingsolutions.caFacebook@markogelo (Twitter)MarkoMusic (SoundCloud Account)...all podcast music tracks are performed and produced by Marko Hosted on Acast. See acast.com/privacy for more information.