Does cosigning for a loan affect my ability to obtain a mortgage?
August 6, 2011 7:09 AM Subscribe
I have been asked to cosign for a rather substantial loan by a family member. I am willing to help out but need to know how cosigning might affect my ability to get a mortgage in the near future. Would the amount of the cosigned loan subtract from the amount of my potential mortgage eligibility? Would it even show up on a credit check?
posted by txmon to Work & Money (27 answers total) 3 users marked this as a favorite