I cosigned student loan will count for my children against me when applying for a mortgage?

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Currently employed with a good income. However, I planned to leave my job, my order would be the transition to a new career soon return to grad school full time and possibly beginnen.Kürzlich your student loans or grants for the support my parents any Suddenly interested in a mortgage (second) on a retirement home now w. Intentions of the movement has finally (after selling the current house could w / in 5 years.) My parents will not be approved if they are to me as a co-signer on the mortgage for new home bekommen.So of all I want to help, I do not know if at the beginning of my future students for grants / loans approved verhindern.Ich get different comments and opinions. I know that student aid is different from a mortgage and all, but its against my credit rechnen.Kann can this ruin my credit card? Does it tell me a good loan for graduate school? appreciate usw.DRINGEND BACK! THANK YOU! Oh just want to say that I currently pay ~ 15k of debt with a mixture of aid and other st credit card balance, etc.

3 Comments
  1. Reply
    Fiona Apple
    February 9, 2011 at 6:00 pm

    Woah..I don’t see why you’re quitting a well paying job…

  2. Reply
    Eric
    February 9, 2011 at 6:04 pm

    Never, ever co-sign for anyone! It’s a really bad move and could hurt your relationship with your parents not to mention your credit. If the bank doesn’t think they can afford it then they can’t. You will not be in a position to help if something goes wrong…..RUN AWAY!

  3. Reply
    Real Estate Guy
    February 9, 2011 at 6:25 pm

    no one should EVER co-sign for another person. NEVER, NEVER, NEVER, for any reason.

    If the person can’t afford it without a co-signer, THEY CAN’T AFFORD IT.

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