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can i have someone guarentee a mortgage loan rather than be a co signer ?

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slowe10 Joined: 17 May 2011 Posts: 1 1.26 Dollars($)	Posted: Tue May 17, 2011 5:23 am    Post subject: can i have someone guarentee a mortgage loan rather than be Like 0 Dislike 0 If I cant get a mortgage by myself, can I have my parents guarentee the loan, rather than co-signing on it ?
gmakerley Community Mentor Joined: 09 Nov 2007 Posts: 12376 Location: bloomfield, ct 58.49 Dollars($)	Posted: Tue May 17, 2011 6:46 am    Post subject: Like 0 Dislike 0 Slowe, there's no difference between guaranteeing and cosigning. _________________ George M. Akerley Mortgage Underwriter/Consultant Word of Excellence- Writing/Editing/Proofreading 860-221-5044
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Tue May 17, 2011 8:34 pm    Post subject: Like 0 Dislike 0 Welcome slowe, Yes, both the things are same. If the co-signer/guarantor has a good credit score and income, then he/she will be of great help to you in order to qualify for a mortgage. _________________ Procrastination is the enemy of your financial success

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