Back to Glossary
January 19, 2023
A co-borrower, also known as a co-applicant, is someone who shares responsibility for repaying a loan with another person. When you apply for a loan with a co-borrower, you reassure the lender that you have several sources of income that can be used to repay the debt.
Related Topics
10 Best Home Builders in Nashville, TN: Find Your Dream Home Today
Wesley Mortgage 2023 Year-In-Review
What Is a Property Tax Lien
What Is an Adjustable Rate Mortgage (ARM)?
Navigating the Process of Mortgage Modification
What Is Non-Recourse Lending?
What Is a Short Sale?
When Is the First Mortgage Payment Due?