Alastriss Posted June 5, 2008 Report Share Posted June 5, 2008 If one of your parents as a very very good history with 2 Canadian banks, can they technically carry out 2 lines of credit and be your cosigner? All other options require a US PR/citizen co signer which is not that easy. Btw, what is MD management about? Link to comment Share on other sites More sharing options...
BMO guy Posted June 6, 2008 Report Share Posted June 6, 2008 When you have a co-signor the amount of money you can qualify for depends on how strong your co-signor is. If you co-signors are worth millions of dollars and can qualify for a (ex.) $500,000 loan, there is no reason why the bank wouldn't give you that much. They don't need to qualify for two different loans at two different banks. Link to comment Share on other sites More sharing options...
Alastriss Posted June 6, 2008 Author Report Share Posted June 6, 2008 When you have a co-signor the amount of money you can qualify for depends on how strong your co-signor is. If you co-signors are worth millions of dollars and can qualify for a (ex.) $500,000 loan, there is no reason why the bank wouldn't give you that much. They don't need to qualify for two different loans at two different banks. So how does it work? say you have lands/real estate assets over 1 million, you can qualify for a 300k loan or something along those lines? Link to comment Share on other sites More sharing options...
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