Monday, August 15, 2011

Why did the underwriter ask for a letter explaining the relationship of the non-occupant co-borrower?

My husband is the borrower on our motgage loan and my mom is the co-borrower. They asked us to have my husband write a letter stating the relationship of him to my mom. Why would they ask for this letter? Would it hurt or help our chances if she has a really great income and credit?

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