Auto news on Youtube Feb 2 2019

- Hey guys it's Mike here from Own Up.

If you're buying a house, you may be purchasing that home

with another person, and it's not uncommon

to have that person also be a borrower on the mortgage.

They're called the co-borrower,

and there's really no practical limit

to how many co-borrowers you can have

as long as it's within reason,

and the great thing about a co-borrower

is provided they bring some income to the table,

not a lot of debt, and are credit-worthy,

they can help you qualify for a larger purchase price

than you generally can on your own.

That co-borrower could be a friend,

could be a family member,

could be the person that's living in the home,

could be someone who's just gonna take

an investment interest in the property with you.

So really it's super flexible when thinking about

potential co-borrowers, just make sure they're credit-worthy

and they do have some income to bring.

Hope this helps, if you enjoyed this video

and would like to learn more, visit us at OwnUp.com.

Thank you.