ECONFINANCE.WEEBLY.COM
If the individual applying for an FHA-insured mortgage is a co-signer–or is otherwise co-obligated on a car loan, student loan, mortgage, or any other obligation – contingent liability applies unless the lender obtains documented proof that the primary obligor has been making payments during the previous 12 months on a regular basis and does not have a history of delinquent payments on the loan. ................
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