Co-borrower

Any additional borrower(s) whose name(s) appear on loan documents and whose income and credit history are used to qualify for the loan. Under this arrangement, all parties involved have an obligation to repay the loan. For mortgages, the names of applicable co-borrowers also appear on the property's title.

A co-borrower is different that a cosigner in that a cosigner takes responsibility for the debt should the borrower default, but does not have ownership in the property. Co-borrowers are frequently spouses or partners who use their combined income to qualify for a larger mortgage than could be obtained singularly, and are willing to share the risk of default on the mortgage and the general risks of homeownership.


Investment dictionary. . 2012.

Look at other dictionaries:

  • Borrower: le voleur de tête — Borrower Borrower (The Borrower) est un film américain réalisé par John McNaughton, sorti en 1991. Sommaire 1 Synopsis 2 Fiche technique 3 Distribution 4 Lien externe …   Wikipédia en Français

  • Borrower — (The Borrower) est un film américain réalisé par John McNaughton, sorti en 1991. Sommaire 1 Synopsis 2 Fiche technique 3 Distribution 4 Lien externe …   Wikipédia en Français

  • Borrower — Bor row*er, n. One who borrows. [1913 Webster] Neither a borrower nor a lender be. Shak. [1913 Webster] …   The Collaborative International Dictionary of English

  • borrower — bor‧row‧er [ˈbɒrəʊə ǁ ˈbɑːroʊər, ˈbɔː ] noun [countable] someone who has borrowed money, especially from a bank or building society: • Borrowers pay 14% interest, due to rise to 15.5% on 1 November. * * * borrower UK US /ˈbɒrəʊər/ noun [C] ►… …   Financial and business terms

  • borrower — index debtor, obligor, parasite Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • borrower */ — UK [ˈbɒrəʊə(r)] / US [ˈbɔroʊər] noun [countable] Word forms borrower : singular borrower plural borrowers someone who borrows money from a bank High interest rates are bad news for borrowers …   English dictionary

  • borrower — He to whom a thing or money is lent at his request. Borrower, within automobile liability policy covering borrower of vehicle during loading and unloading, may be defined as someone who has, with permission of owner, temporary possession and use… …   Black's law dictionary

  • Borrower — In finance, a Borrower is the party in a loan agreement which receives money or other instrument from a lender and promises to repay the lender in a specified time …   Wikipedia

  • borrower — [[t]bɒ̱roʊə(r)[/t]] borrowers N COUNT A borrower is a person or organization that borrows money. Syn: lender …   English dictionary

  • borrower guaranteed by the State — valstybės garantuojamas skolininkas statusas Aprobuotas sritis Finansai apibrėžtis Lietuvos Respublikos juridinis asmuo, Lietuvos Respublikoje įsteigtas Europos ekonominės erdvės valstybės narės įmonės filialas ar Lietuvos Respublikos mokslo ir… …   Lithuanian dictionary (lietuvių žodynas)

  • borrower — see neither a borrower nor a lender be …   Proverbs new dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.