Co-Borrower/Co-Applicant
When there is more than one borrower on a mortgage, the lead borrower is referred to as the Primary Borrower. Any other borrowers are considered Co-Borrowers, or Co-Applicants during the mortgage application process. The Co-Borrowers share the legal obligations of the mortgage.
About The Author
Don Scott
Don Scott is the founder of a challenger mortgage brokerage that is focused on improving access to mortgages. We can eliminate traditional biases and market restrictions through the use of technology to deliver a mortgage experience focused on the customer. Frankly, getting a mortgage doesn't have to be stressful.
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