Co-signers are fully responsible for the mortgage if the main borrower can’t make payments.
Co-signing affects your own credit and reduces your ability to borrow for future loans.
Removing your name later isn’t automatic; the borrower must fully re-qualify at renewal time.
Tax and legal consequences may apply, including capital gains and loss of first-time buyer benefits.
Always consult financial, legal, and tax professionals before agreeing to co-sign a Real Estate loan.
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