Posted By: Patricia
Borrower vs co borrower - 11/05/19 08:23 PM
Not sure if anyone can give an opinion regarding this: Situation son and wife apply for residential real estate loan but they don't qualify so additional applicants added and the additional applicants will not occupy the residence. They all sign the Consumer Note but the additional applicants are not listed on the mortgage or title policy. I am thinking the additional applicants don't need to be on the title policy but not sure about the mortgage.
Thanks.
Thanks.