May, 2016

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Facts About Using a Co-Signer on a Mortgage

Zillow

Do you need a co-signer to buy a home? To help you decide, let's review the reasons you might use a co-signer, the types of co-signers, and the various requirements lenders have for allowing co-signers. When to use a co-signer Many young professionals ask their parents to co-sign while they're ramping up their income. Other lesser-known but still common scenarios include: Divorcees use co-signers to help qualify for a home they're taking over from ex-spouses.

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The Pros and Cons of Renting Out Your Mother-in-Law Apartment

Zillow

Whether you're buying your first home, looking to build one, or trying to make use of some free space, mother-in-law apartments (also known as accessory dwelling units or secondary units) are a great investment - even if you’re not planning to have relatives move in. By renting out a section of your home, you can help ease the strain of a mortgage, or grow your savings.

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