If I have co-signed a loan with someone else, do I need to include that debt?

Yes, when considering your qualifications for a mortgage, we do look at your co-signed debt. If for any reason your co-signed debt makes a difference on your qualifications, we do have the option to ignore the co-signed debt monthly payment if you can verify that the person responsible for the debt has made all of the required payments. For verification purposes, we will need copies of their cancelled checks for the past six months.

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