Terms For Adding Co-applicants To A Home Loan Application
(WorldNews Business)

We often get the question, `What do you mean by co-applicant on a Home Loan?´ As you might know, you can apply for a Home Loan either as a single applicant or along with other borrowers as co-applicants. A co-applicant for a Home Loan is a co-borrower. Co-owners are always co-borrowers but all co-borrowers need not be co-owners. This means that any person who is a co-applicant needn´t own the house being bought. Can anyone be a co-applicant? No. There are many terms and conditions imposed by lenders when you want to add a co-applicant to your Home Loan application. But let us first look at the advantages of adding co-applicants.Enhanced eligibility The main advantage of adding a co-applicant...