However, if you can provide a 12-month history of someone else making a payment on an obligation you co-signed for, most of the time the obligation can be omitted, which would improve borrowing ability.
It means you are literally applying for credit by virtue of supplying income, credit worthiness, payment liabilities and assets for the purposes of procuring credit (i.e. a mortgage). People co-sign for other people to help secure mortgage loan financing, not knowing the full ramifications of what co-signing does for the long-term prospects of obtaining credit in the future.
And a final mortgage tip: Two alternatives to co-signing that substantially help someone else include providing gift funds for a down payment and/or paying off someone else's debt -- both of which improve borrowing ability as loans are made against income.
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