Loan modification: When is the earliest we can have a co-signer removed from a mortgage loan?
My husband and I are asking my dad to co-sign for a mortgage, mainly to increase the amount we can get. My father is concerned about being responsible for the duration of the loan given his age (75) and if anything were to happen, his wife would then be responsible. Can we have him co-sign, and then after a period of time, have a loan modification w/the bank to remove his as a co-signer? If so, what is the earliest amount of time that can be requested?