Co Borrower

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  • #71243
    Faith81
    Participant

    Hi Nelson/Tim

    Can NACA tell me who they will allow me to use as a co borrower? I tried to add my 21 year old son who lives with me to increase my approval amount and they wont allow me stating I only added him after I wanted to increase my amount but my son had been on my paperwork since the beginning and I had been submitting his pay stubs since the beginning. I have literally climbed up the ladder to regional and national directors but none will look at my file and see the truth. I don’t understand and I am very frustrated and emotional over the situation. I just want to accomplish my dream and own a home.

    Thank you for any suggestion or advice you provide. It is greatly appreciated.

    #71251
    purdynerdy
    Participant

    Perhaps the MC/underwriter is fearfulthat he will move out and will no longer contribute to the household, thus making your mortgage unaffordable?

    If you want to increase your buying power, you could buy down your interest rate.

    #71253
    Faith81
    Participant

    Hi @purdynerdy thank you. I had already planned to do the buy down. I will just continue to pray on it. I’m just heartbroken

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