Trustco 1st time home buyer mortgage with co-signer

Specialist · Hoboken, NJ · Member since 2021 · 8 posts · 0 votes

Has anyone used Trustco and if so, have you taken a loan with a co-signer? If you have, what is needed for the co-signer to be taken off?

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Rodney Miller
Lender · Oklahoma City, OK · Member since 2017 · 138 posts · 130 votes
3y
Removing a co-signer from a loan increases the lender's risk. It's very doubtful that they would do this without you making some other concessions like replacing the co-signer with an equal or better one, paying down the loan, etc....
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