Home Selling in Sacramento>Question Details

lisa, Home Seller in Sacramento, CA

Being a cosigner who receives SSI, will it affect my supplemental security income if the owner decide to sell the house, it under a conventional loan

Asked by lisa, Sacramento, CA Thu Oct 17, 2013

Help the community by answering this question:


Thanks for the responses.

I was only a co signer to help my younger sister be eligible for a higher mortgage loan.
I do not live with her nor have ever made any payments.
Most importantly, I will not be receiving any of the profit she makes selling her home.
I should be fine right?
1 vote Thank Flag Link Fri Oct 18, 2013
If she can, it might be a good idea for you to have her refinance to get you off of the loan
Flag Fri Oct 18, 2013
No it has no effect on your SSI

Alex Greer
Loan Officer
NMLS #1056079

0 votes Thank Flag Link Fri Oct 18, 2013
I as the co-signer only helped be the co-signer but I do not live in the home and have not made a single payment toward the home.
0 votes Thank Flag Link Thu Oct 17, 2013
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