Financing in Indio>Question Details

Ivonne, Other/Just Looking in Indio, CA

Can i use a co signer to do a refinance?.?

Asked by Ivonne, Indio, CA Fri May 4, 2012

I was tell by wells fargo that you can't have co signers in a refinance. Is this true or is just with them?

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A borrower can have a cosigner on a refinance if the following is true with the loan.

-is the cosigner someone who you recently married?
-is the cosigner on a family trust with you?

You may add that person to the title and refinace with on the 13th month following the addition of that individual.

Keep in mind that adding someone unless you are adding a spouse to your home, adding someone to the title on your home, will trigger a reassessment by the county property tax collector.
0 votes Thank Flag Link Sun May 20, 2012
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