If an individual is only an obligated co-signer to a debt, why may they have to qualify for their mortgage counting that debt?
A. Just to be safe
B. They won't have to qualify counting the debt if they can clearly demonstrate that they are only an obligated co-signer
C. As an obligated co-signer, they have agreed to accept liability for that debt and would be responsible for its repayment in the event that the person for whom they co-signed defaulted
D. An obligated co-signer is never required to qualify considering any debt for which they co-signed
Answer:C
If an individual is only an obligated co-signer to a debt, why may they have to qualify for their mortgage counting that debt?
A. Just to be safe B. They won't have to qualify counting the debt if they can clearly demonstrate that they are only an obligated co-signer C. As an obligated co-signer, they have agreed to accept liability for that debt and would be responsible for its repayment in the event that the person for whom they co-signed defaulted D. An obligated co-signer is never required to qualify considering any debt for which they co-signed