Questions tagged [loan-guarantee]

A promise by one party (the guarantor) to pay off a loan in place of the borrower; often demanded by the lender as a condition of providing a loan. Also called "co-signing".

Filter by
Sorted by
Tagged with
4
votes
3answers
3k views

As the borrower, can I prevent my loan guarantor/co-signer from being released from the guarantee?

Inspired by the question My co-borrower wants her name removed from a 5 year mortgage contract : Assume I am the debtor of a loan, and someone else agreed to guarantee/co-sign the loan for me. If ...
3
votes
2answers
1k views

My co-borrower wants her name removed from a 5 year mortgage contract

Me and my sister in law bought a house. We asked her help to acquire the loan. She signed the mortgage loan for a 5 year contract, and we got the house. Me and my wife paid all the expenses and down ...