• ¡Welcome to Lending Network!
  • America's Fastest Growing Loan Scenario Online Forum
Hello There, Guest! Login RegisterLogin with Google+


Welcome to Lending Network! America's Number One Loan Scenario Help Center For The Public Join Our Lending Network Online Community Forum And Ask Your Loan Case Scenarios To Our Moderators & Real Estate Professionals.
It takes seconds to become a member. Lending Network was created and launched as a mortgage, real estate, and credit information center for the general public to utilize it as a loan scenario help desk online community forum.

Poll: Was this thread helpful?
Yes it was very helpful
No, it was not helpful
[Show Results]
 
Note: This is a public poll, other users will be able to see what you voted for.
Thread Rating:
  • 1 Vote(s) - 5 Average
  • 1
  • 2
  • 3
  • 4
  • 5
If I am a co-signer on an auto loan, is the debt calculated on my DTI?
#1
If you have co-signed for an auto loan and you are not responsible to make the auto loan payments, the auto loan monthly payments may be exempt from your debt to income ratios by a mortgage loan underwriter if and only if you can provide 12 months canceled checks from the main auto loan borrower. Most mortgage lenders will remove the monthly debt that a co-signer is not responsible for as long as they provide 12 months of canceled checks from the main borrower.

 
Reply
  


Forum Jump:


Browsing: 1 Guest(s)