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Updated over 5 years ago on . Most recent reply
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Family member applying for my loan?
As a person with little to no credit history, what would it look like to have a close family member sign for a loan, that for all intensive purposes, would be my property.
I am 23, and just started a good paying job, finally have some money down to get some skin in the game and I really want to start as soon as possible, but I know my credit won't be up to par for at least a year.
I'm just wondering if anybody here has ever done something like this and what were the steps needed to set this plan into action and maybe just some advice on the situation.
Thanks big time much love
Most Popular Reply
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@Jesse Stahl this sounds very much like mortgage fraud. Besides this won't help your credit paying of someone else loan. at the end of the day the other person would have to own the property and own the risk associated with the loan. Don't do this! just work on your credit start talking to lenders o you know what you need to do to position yourself to get the loan you are looking for.
- Tyler Gibson
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- 407-590-9858
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