Should I use my mom as a cosigner??

[Tim Donovan]

Hi!

I'm 24 and have the downpayment and credit to get a pre approval. I found a property, but unfortunately I can't qualify for the offer I think would get accepted due to income. My mother generously offered to co-sign. I'm a little nervous about doing this. I know it would tie her credit up and add debt. My lender said I could refinance in 24 months. I don't want to not take action but I think it outs my mom at risk which I need to take into account.

The property is a 3 family, one 3 bedroom and two 1 bedrooms. One of the one bedrooms is rented. The house is move in ready.

My cousin brought up the other option of getting a condo for a lesser price

Thoughts?!

Thanks!!