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FAQs
Home Equity Loans and HELOC

FAQs

Home > Borrow > Real Estate Loans > Home Equity Loans and HELOC

Is it a good idea to cosign a loan?

By cosigning, you lend your name and good credit history to the borrower. Should the borrower fail to make payments, all responsibility for meeting the terms of the loan transfers to you, the cosigner.  The loan appears on both the borrower’s and cosigner's credit reports and may affect your ability to qualify for another loan.

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“I recently had the pleasure of working with TCT on a home equity loan that consolidated my mortgage, second mortgage, and credit card debt. I now save over $1,100 monthly without extending the remaining time on my mortgage loan. Talk about a lifesaver!”

— William G.

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