Real Estate Glossary: Co-Borrower

A Co-Borrower is an additional individual who is both obligated on the loan (or mortgage) and is on title to the property. Co-Borrowers are also required to be on all real estate documents so that the transaction can be closed. Some buyers may opt to have a co-borrower because:

a) they are married or partners

b) they are in business together

c) they are family members

d) they need a co-borrower to qualify for the loan application

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