Co-Signing Fact Check ✅

Co-signing a mortgage might seem like a simple favor, but there’s more to it than you might think. Before jumping in, here are two important things you need to be aware of:
1️⃣ Impact on Your Credit: While co-signing itself doesn’t directly hurt your credit, if the person you’re co-signing for misses payments or faces foreclosure, it could definitely affect your credit too.
2️⃣ Buying Your Own Home: If you want to buy a home later, the mortgage you co-signed for can count against your debt-unless the other person makes all their payments for 12 months from their own bank account. No third-party payments like Venmo or Zelle.
What’s your take on co-signing? Would you take the risk for a friend or family member?
Comment below and let’s discuss your thoughts and experiences! 👇💬
Andrew Yanni
Fast Action Mortgage
Ranked #1 Broker
888-505-5820
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