Meaning CO-BORROWER
What does CO-BORROWER mean? Here you find 19 meanings of the word CO-BORROWER. You can also add a definition of CO-BORROWER yourself
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CO-BORROWERA second person sharing obligation on the loan and title on the property.
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CO-BORROWERIAn additional individual who is both obligated on the loan and is on title to the property.
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CO-BORROWERDefinition Another individual who is jointly responsible for the loan and is on the title to the property. A co-signer typically is not on the title to the property.
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CO-BORROWERor cosigner as it's sometimes known is somebody that shares responsibility for repaying a real estate mortgage with the original borrower. When borrowing a mortgage (a loan to purchase a house) i [..]
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CO-BORROWERan additional person that is responsible for loan repayment and is listed on the title.
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CO-BORROWERAny additional borrower whose name appears on loan or line of credit documents and whose income is used to qualify for the jump to
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CO-BORROWERA co-borrower in any lending situation is a person who accepts responsibility for repaying the debt. This is also known as a co-signer or a co-applicant.
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CO-BORROWERA co-borrower is someone in addition to the primary borrower who accepts responsibility for repaying a debt. However, the co-borrower typically does not directly benefit from the loan. A co-borrower m [..]
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CO-BORROWERA person other than the borrower who, by signing a loan promissory note as a backup, agrees to assume responsibility for repayment if the borrower fails to repay. The term is generally used interchang [..]
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CO-BORROWERthe secondary person on a loan / debt – this person is still 100% responsible for repaying the debt at any time
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CO-BORROWERA person who borrows money jointly with you. Each individual is jointly and separately responsible for the repayment of the loan. This means that if one person does not pay the other person will be re [..]
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CO-BORROWER Any individual who will assume responsibility on the loan, take a title interest in the property and intends to occupy the property as their primary residence.
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CO-BORROWERA co-borrower is a joint borrower of a loan, equally obligated to repay the debt.
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CO-BORROWERA second person sharing obligation on the loan and title on the property.
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CO-BORROWERA person who borrows money jointly with you. Each person is responsible for the loan, so if one of you does not pay, the other person must pay the full amount.
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CO-BORROWERA co-borrower is individually or jointly obligated to repay a loan entered into with a third party. The co-borrower may or may not share in ownership of loan collateral.
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CO-BORROWERSomeone in addition to the primary borrower who accepts responsibility for repaying the debt.
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CO-BORROWERThe person who signs for a loan, other than the borrower, who will assume responsibility for the loan if the borrower fails to repay it. Also called co-signer.
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CO-BORROWERA individual who executes a promissory note with another individual and assumes equal obligations under the terms of that promissory note. A co-borrower is often referred to as a co-signer
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