Mortgage Specialist – Need Help!!!!?
My husband jointly owns a home with his two sisters. Both sisters are in financial trouble and one wants to get a home equity loan (or maybe LOC). She has talked to a mortgage loan officer who said that my husband doesn’t have to co-sign for the loan, only that he has to sign something giving his “permission” for her to get the loan. What the heck is that all about? Have you ever heard of such a thing? Is this the same thing as a “guarantee”? He is NOT going to co-sign a loan for her under any circumstances (if he wants to remain married to me at least)! Any advice would be GREATLY appreciated!
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