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Co-signer on a mortgage in NY

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mousemedic01 Guest	Posted: Thu Feb 03, 2011 7:53 pm    Post subject: Co-signer on a mortgage in NY Like 0 Dislike 0 I had a VERY pushy mortgage broker tell me that if my father goes on the mortgage as a co-signer for purposes of showing more income then I would not be eligible for a first-time homebuyers mortgage & it would need to be financed as an investment property since my dad already owns a home & only I would be living there full-time. Can anyone confirm or dispute this information? Please help! _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Fri Feb 04, 2011 2:27 am    Post subject: Like 0 Dislike 0 Hi mousemedic, I feel that the information given to you by your mortgage broker is correct. However, in such a situation, you may not be considered as first time home buyer. Thanks

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