Can I add a co-borrower to my refinance application?
Co-borrowers have their name on the property and are equally responsible for paying back the loan amount. When you refinance your home, you can add or remove co-borrowers from the mortgage and/or title.
Adding a co-borrower can be advantageous in some refinancing cases, particularly if the combined income and assets help you qualify for more competitive rates and terms. If a co-borrower has outstanding debt or other factors that could damage your chances for getting approved, you may want to consider removing them from the loan when you refinance. Ready to learn more? Our pre-application process takes as little as 3 minutes, requires no hard credit check, and is the first step to understanding your options.
Get started
More resources