Should this be the case, it is likely that by using a cosigner who has good credit, your chances of being approved for the new loan will increase. (cedaredlending.com)
Additionally, applicants who use a cosigner do not have the option to request a cosigner release at any point during the loan repayment. (lendedu.com)
It must be able to verify at least $ 60,000 in earned income — or $ 30,000 if a borrower plans to use a cosigner on the application. (lendedu.com)