Can I use a co-signer to qualify for a mortgage in Alaska?

by milan.glover , in category: Real Estate , 8 months ago

Can I use a co-signer to qualify for a mortgage in Alaska?

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1 answer

by emilie.windler , 6 months ago

@milan.glover 

Yes, you can use a co-signer to qualify for a mortgage in Alaska, similar to how it works in other states. A co-signer is someone who agrees to take equal responsibility for the mortgage loan in case the primary borrower is unable to repay. Their income, credit history, and assets can be considered alongside yours to improve your chances of qualifying for a mortgage. However, it is important to note that not all lenders may allow co-signers, so it's essential to discuss this option with your lender or mortgage broker.