When you co-sign for a loan or mortgage you are obligating yourself financially, therefore this debt must be
disclosed on your Mortgage application.
Not exact matches
When both a bankruptcy and foreclosure are
disclosed on the loan
application, the lender may apply the bankruptcy waiting period if the lender obtains the appropriate documentation to verify that the
mortgage loan in question was discharged in the bankruptcy.
The CMHC said it has been compiling data
on how many would - be homeowners have their
mortgage applications rejected for these reasons, but can not
disclose those numbers right now because it is based
on conversations with commercial lenders.
Avoid the foreclosure stigma — Homeowners will always have to
disclose that they had a foreclosure
on any
mortgage application and (many job
applications) that they submit in the future.