Mar 25

Be clear on the perils of co-signing for a mortgage

Younger customers frequently look to parents or grandparents to help them get into a first home. As rising home prices and interest rates present even greater challenges for first-time buyers these days, you may encounter more situations involving co-signed mortgage loans. While it’s not your role as a REALTOR® to provide financial advice to your customers or their relatives, it’s wise to be prepared with information if you are asked.