Cosign


Definition of "Cosign"

Kevin Greer
  KEG Realtors

To sign a note on behalf of another individual and, therefore, to guarantee payment. The cosigner is responsible for the loan if the borrower defaults. Such an agreement may occur in connection to the purchase or real property.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Keogh Plan (hr-10)

Act first passed in 1962 that permits the self-employed individual to establish his or her own retir ...

Disease

Illness or sickness such as cancer, poliomyelitis, leukemia, diphtheria, smallpox, scarlet fever, te ...

Physicians And Surgeons Equipment Insurance

Coverage for equipment normally carried from location to location by a physician or surgeon; written ...

Conventional Mortgage

Mortgage loan made by a lender that is not insured by the veterans administration (VA) or the federa ...

Insurance Institute For Property Loss Reduction

Association of insurance companies formed to reduce deaths, injuries, and the loss of property resul ...

Execute

To fulfill , complete, implement, perform, or carry out terms of an agreement including completing a ...

Related Real Estate FAQ

What Is A APR Loan?

This APR Calculator can be used to estimate the Annual Percentage Rate for a loan based on input par ...

What Are My Coverage Options?

Our agents have a wide range of coverages available, as well as an array of choices for limits and d ...

What Is An Assumable Mortgage?

A type of purchase in which the buyer assumes the responsibility of making payments on a sellers hom ...

What Is Depreciation?

Depreciation is a decline in the value of property due to general wear and tear, or is also known as ...

What Is A CD?

A CD, or Certificate of Deposit, is an investment usually made for a given period of time at a fixed ...

What Does Fannie Mae Mean?

Fannie Mae is a name used by the Federal National Mortgage Association, which is a government-charte ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

How To Get A Loan with Bad Credit How Does The Home Loan Underwriting Process Work? What is Hazard Insurance? What Must I Disclose When Selling My Home? Home Prices - The Extra Costs

FAQ

What is a front-end ratio? What is a credit report? What is a basic policy? What are my coverage options? What is an agent?