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curlygirl1957

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will cosigning on a mortgage have a negative effect on my credit

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When someone needs a cosignor to get a loan, it means the bank cannot trust them to repay the loan as agreed, based on their credit rating.  A cosignor virtually agrees to guarantee the loan or make the payments themselves. That means it is going to affect the cosignor the same as if they had taken out the loan themselves.  I discourage cosigning.

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