If you co-signed for another person on their mortgage and they make the payments AND are not delinquent, then Fannie Mae will not require us to count that payment against you. Contact me for all the details!
RELATED ARTICLE TITLE: Fannie Mae & Freddie Mac – Co-Signer Obligation – Can I exclude a co-signed mortgage obligation? Answer: Only if you meet the following conditions. Reference: B3-6-05, Monthly Debt Obligations (01/30/2018) Debts Paid by Others Certain debts can be excluded from the borrower’s recurring monthly obligations and the DTI ratio: When a borrower […]