A person, who buys a house and applies for a home loan, does not qualify because of her credit history/income. Another person can be a loan guarantor. Obviously, this loan guarantor should have the financial abilities for the loan. For example, In December 2009, my parents, who bought a $450,000 house in Brooklyn New York, did not have enough incomes and financial sources for a loan. So, I was the sole loan guarantor for the house; however, my name is not on the deed title.
Yes! In lending, it's called "loan guarantor".
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But currently no such loans available
-autumnmoon-
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03/23/2010 postreply
10:00:29
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Please discloe lender name, address I can verify.
-autumnmoon-
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03/23/2010 postreply
10:03:58