Understaning Co-Singing. is it bad? #homebuying #investing #investment #money #lending #podcast

What does it mean when you co sign? I think that's important. Yeah. What is it? What is it? Are you a co borrower? Are you a co signer? There's a difference. Okay, so what is that? So, so a co borrower means you're actually on the home loan and you're going to be on the deed which is going to give you ownership interest in the property. That's what most parents want to do because if the kid flakes out, at least you have ownership in the property, have some control over it. But there are some situations with parents that for whatever is going on in their financial world, they can't be on the deed or don't want to be on the deed. But the, the to have some drug dealers co signing. No, but anyway, so then they're co signing for the loan. So they're committing, they're guaranteeing the loan but they're not on the deed. So they don't have ownership interest in the property. So again, just one of those nuances and those are the things we're going through.