Updated almost 8 years ago on . Most recent reply
Question for those who’ve partnered up on deals
I want to partner up with someone bankable, I myself don’t qualify for a loan at the moment. If I partner up and go down on the loan will we be denied because of my insufficient (W2) income and short amount of credit history? Or will the bankable person’s credit and substantial (W2) income be suffice regardless of whoever else is on the line for the note.. ps I also have a co-borrower with substantial income/credit willing to sign on my behalf if need be.
Any and all information is greatly appreciated. Thanks!