Equity Home Loans

can someone who be on two home loans at once?

Was just wondering if a person is already on a loan for a home as a cosigner can they be used as a cosigner for another. I already asked my realtor and he doesn't know.

Public Comments

1. Yes if your debt to income ratio isn't that high.
2. Yes. So long as your financial situation allows for it. Also, the guarenty may be a non-recourse loan.
3. Yes, and they can do stated income, nodoc, stated income stated assets you name it there are a ton of programs like this. Matt http://www.diversifiedlender.com/
4. Certainly, although you might need to structure the loan slightly differently, like as an investment property or second home. It's not unusual for people especially with poor credit profiles to add a parent to the loan. What I would suggest though, more so, is that you should look to try and have the cosigner on the loan by themselves. This is a little easier and might result in a better rate and payment.
5. yes, lender would be happy to give you more money with a higher interets rate. Housing market continues to slump though. Wait a little bit. :)