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Mortgage Terms: Co Borrowers Definition

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Mortgage Terms: Co Borrowers Definition

Co Borrowers

Definition

One or more persons who have signed the note, and are equally responsible for repaying the loan.

Unmarried co-borrowers who live together are advised to agree beforehand on what happens if they split

Related Terms

Other terms related to 'Co Borrowers' starting with the letter 'C'

Cash Out refi, Correspondent, Cumulative interest, COSI, Credit report

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