Why This Matters
Cosigning is taking the loan with none of the asset.
Understand Fully
You pay if they don’t — internalized
Your credit carries it immediately
Release conditions in writing
Alternatives offered (smaller gift?)
Relationship if it defaults imagined
Gotchas & Consequences
Cosigned debt counts against YOUR next mortgage.
Most cosigner releases require years of perfect payments — read it.
LD-041Everyday ChecklistsPage 1 of 1