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Updated about 2 years ago,

User Stats

157
Posts
86
Votes
Gurjot Grewal
  • New to Real Estate
  • Vancouver, British Columbia
86
Votes |
157
Posts

Lender Requiring my dad be on title for mortgage

Gurjot Grewal
  • New to Real Estate
  • Vancouver, British Columbia
Posted

I graduated college a bit over a year ago. My credit score is 800+. But my credit lines aren't enough for this lender. So they are requiring I get my dad to co-sign and since its an investment he has to be on title as well. 

Im in Canada the property is in the US. The terms this lender is offering are substantially better than other lenders. I have to buy in my personal name as well with this lender. 

What kind of risk does this expose my dad to? 

My worry is if something happens is my dads primary residence at risk ? 

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