{"id":108,"date":"2020-08-18T22:57:14","date_gmt":"2020-08-19T05:57:14","guid":{"rendered":"https:\/\/wiibid.com\/?p=108"},"modified":"2021-03-25T11:52:18","modified_gmt":"2021-03-25T18:52:18","slug":"the-benefits-and-risks-of-co-signing-for-a-mortgage","status":"publish","type":"post","link":"https:\/\/wiibid.com\/?p=108","title":{"rendered":"The Benefits and Risks of Co-Signing for a Mortgage"},"content":{"rendered":"<section data-kc-fullwidth=\"row\" class=\"kc-elm kc-css-329997 kc_row\"><div class=\"kc-row-container  kc-container\"><div class=\"kc-wrap-columns\"><div class=\"kc-elm kc-css-694346 kc_col-sm-12 kc_column kc_col-sm-12\"><div class=\"kc-col-container\"><div class=\"kc-elm kc_text_block\"><\/p>\n<p>Thanks to tighter mortgage qualification rules and higher-priced real estate\u2014particularly in the greater Vancouver and Toronto areas\u2014it\u2019s not always easy to qualify for a mortgage on your own merits.<\/p>\n<\/p>\n<p>You may very well have a great job, a decent income, a husky down payment and perfect credit, but that still may not be enough.<\/p>\n<\/p>\n<p>When a lender crunches the numbers, their calculations may indicate too much of your income is needed to service core homeownership expenses such as your mortgage payment, property taxes, heating and condo maintenance fees (if applicable).<\/p>\n<\/p>\n<p>In mortgage-speak, this means your debt service ratios are too high and you will need &#8230;<\/p>\n<\/p>\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-background has-vivid-cyan-blue-background-color\" target=\"_blank\" rel=\"https:\/\/www.canadianmortgagetrends.com\/2019\/07\/the-benefits-and-risks-of-co-signing-for-a-mortgage\/ noopener noreferrer\">Read more on Canadian mortgage trends<\/a><\/div>\n<\/p>\n<p>\n<\/div><\/div><\/div><\/div><\/div><\/section>","protected":false},"excerpt":{"rendered":"","protected":false},"author":7,"featured_media":4067,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[11,6],"class_list":["post-108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-important-news","tag-canadian-mortgage","tag-mortgage"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Co-Signing For A Mortgage: Pros &amp; Cons | WiiBid<\/title>\n<meta name=\"description\" content=\"Is co-signing for a mortgage the only solution when qualifying on your own is too hard? 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