What do your clients know about co-signing for a mortgage?
Do you receive questions from clients about co-signing? Do you recommend it to your clients who are struggling to gain an approval?
With tighter mortgage qualification rules and high priced real estate in many Canadian cities, the subject may becoming more popular.
Check out this article on the benefits and risks of co-signing for a mortgage.
There is a lot to take into account when using a cosigner and understanding where and when to recommend it to your clients will allow you to look like an expert, and it will help your clients make some important decisions.