co-signed debt Archives - Sonoma County Mortgages https://sonomacountymortgages.com/tag/co-signed-debt/ Thu, 23 Jan 2025 20:01:52 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://sonomacountymortgages.com/wp-content/uploads/2023/05/cropped-scm2-sonoma-cm-2-32x32.png co-signed debt Archives - Sonoma County Mortgages https://sonomacountymortgages.com/tag/co-signed-debt/ 32 32 Why Co-Signing a Loan Could Hurt Your Mortgage Plans https://sonomacountymortgages.com/2025/01/co-signing-mortgage-impact/ Thu, 16 Jan 2025 00:01:05 +0000 https://sonomacountymortgages.com/?p=518425 Illustration showing the financial impact of co-signing a loan on debt-to-income ratio and mortgage qualifications, with a house and motorcycle symbolizing the balance between co-signed debt and mortgage goalsCo-signing a loan for someone might feel like the right thing to do, but it can have unintended consequences if you’re planning to get a mortgage or refinance your home. Whether it’s for a friend’s new car or a family member’s fancy motorcycle, co-signing puts their debt on your financial record, and that can cause…

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