Financial Risks a Mortgage Co-Signer Must Accept

Young adults with low incomes or poor credit histories may ask their parents to co-sign on their mortgage—and it’s a growing trend. The share of co-signed mortgages rose nationwide from 13.7% in 2015 to 17.4% in 2018, according to ATTOM Data Solutions.

For those willing to take on the risk, co-signing offers a path to homeownership for some.

Source:  https://magazine.realtor/daily-news/2019/06/03/financial-risks-a-mortgage-co-signer-must-accept