English - Turkish
Definition of co-borrower in English Turkish dictionary
- co-borçlu
English - English
Definition of co-borrower in English English dictionary
- The co-borrower is the individual jointly responsible for the note, auto or mortgage loan Usually has an ownership interest in the property being used as collateral
- One who is individually and jointly obligated to repay a mortgage loan and may or may not share ownership of the property with one or more borrowers See also: Co-signer
- Someone who shares the ownership of a property with the borrower They also share the obligation to repay the loan to the lender
- >> A 2nd borrower on a loan
- Additional borrower(s) whose income contributes to qualifying for a loan and whose name(s) appear on the documents with equal legal obligations
- If more than one person will be responsible for repaying the loan, the second person listed on the application is the Co-Borrower If there will be more than one borrower, either one can be listed as the Borrower and/or Co-Borrower
- A person who signs a promissory note along with the borrower Contrast with endorser See also non-occupant co-borrower
- IAn additional individual who is both obligated on the loan and is on title to the property
- A party who signs the mortgage and note along with the borrower and who shares the title to, and the obligation to pay for, the property with the borrower Also called "co-mortgagor"
- - One who is individually and jointly obligated to repay a mortgage loan and may or may not share ownership of the property with one or more of the borrowers See also: co-signer
- A co-borrower is a second or additional party who received the loan proceeds and agreed to repay the loan promise
- One who is individually and jointly obligated to repay a mortgage loan and may or may not share ownership of the property with one or more of the borrowers See also: co-signer
- An additional individual who is both obligated on the loan and is on title to the property
- Additional borrower(s) whose income contributes to qualifying for a loan and who has an equal legal obligation to repay the loan plus interest
- A person who signs a promissory note along with the borrower A co-maker's signature guarantees that the loan will be repaid, because the borrower and the co-maker are equally responsible for the repayment See endorser
- A party who signs the mortgage along with the borrower and shares the title to and the obligation to pay for the property with the borrower
- Second or additional person equally responsible for payments on a mortgage A co-borrower does not have to take title to the property, but usually has to sign the mortgage note
- A person who signs the promisory note for a loan in addition to the borrower The co-borrower becomes equally responsible for the debt If the borrower does not pay, the co-borrower is responsible for payment of the debt
- Signer other than the borrower, who assumes responsibility for the loan if the borrower fails to repay it
- Additional borrower(s) whose income contributes to qualifying for a loan and whose name(s) appears on documents with equal legal obligations
- Additional borrower(s) whose income contributes to qualifying for a loan and whose name(s) appears on all documents with equal legal obligations
- A person who signs a promissory note (mortgage) along with the borrower A co-borrower's signature guarantees that the loan will be repaid, because the borrower and the co-borrower are equally responsible for the repayment Also referred to as a co-maker or co-signor
- Additional borrower(s) whose income contributes to qualifying for a loan and name(s) appear on all documents with equal obligations
- A party who signs the mortgage note along with the borrower and who shares the title to, and the obligation to pay for, the property with the borrower Also called "co-mortgagor "