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

Final Insurance (minimum Deposit Insurance)

Premiums paid out of funds borrowed from the cash value of a life insurance policy. ...

Workers Compensation, Coverage A

Agreement under which an insurance company promises to pay all compensation and all benefits require ...

Term

The period used to calculate the monthly mortgage payment. The term is usually but not always the ...

Cantilever

(1) Bracket used to support an extended eave or cornice on the outside of a house. (2) Truss or beam ...

Market Risk

Uncertainty in the price of real estate due to market, economic, political or other conditions. ...

Unilateral Contract

Legal agreement in which only one of the two parties makes legally enforceable promises. An insuranc ...

Related Real Estate FAQ

What Are Closing Costs?

Closing costs are expenses incurred by buyers and sellers in transferring ownership of a property. ...

What Is A Fixed-rate Mortgage?

A fixed-rate mortgage is a type of mortgage in which the interest rate is fixed for the life of the ...

What Is An Escrow Officer?

An escrow officer - also known as a loan officer - is the person that walks you through the closing ...

What Is A Lien?

A lien is a claim against a property. ...

What Is A REALTOR®?

A REALTOR® is an agent or agency that belongs to the local or state board of REALTORS® and is affi ...

What Is An Interest Rate?

An interest rate is the percentage the lender charges you for borrowing money. ...

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 What is Hazard Insurance? What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes? Tax Breaks for the First Time Home Buyer Foreclosure - The Pros and Cons of Buying

FAQ

What is a gift letter? I dont know the zip code of my areas. How do I find an agent that is right for me in my area. What is a cap? What is a contingency? What is Long Term Care Insurance?