What a Non‑Occupant Co‑Borrower Is — and When It Makes Sense A non‑occupant co‑borrower is someone who signs the mortgage loan (the promissory note and usually the deed of trust or mortgage) but does not live in or occupy the property being financed. Their income, assets and credit history are considered by the lender to…
Refinance Activity Picks Up as Rates Stabilize; Homeowners Urged to Reassess Goals Refinancing interest has risen modestly in recent months as mortgage rates have shown signs of stabilizing after a period of sharp movement. Industry observers say the current environment is prompting many homeowners to revisit their mortgage strategy — weighing rate-and-term refinances against cash-out…
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Removing a Co‑Borrower with a Refinance: What It Means and When It Makes Sense Removing a co‑borrower with a refinance means replacing the current mortgage with a new loan that lists only one borrower — the person who will remain financially responsible for the mortgage. Homeowners pursue this when one party wants to be released…