Submitted by Financial-Boot3317 t3_11dcbxm in personalfinance
Financial-Boot3317 OP t1_ja7u230 wrote
Reply to comment by Rave-Unicorn-Votive in What is the impact on finance of cosigning a lease? by Financial-Boot3317
Not trying to be dumb, is that something they include in applications now? No, not trying to lie or anything, just trying to thing of all of these things before putting my name on a lease :)
Rave-Unicorn-Votive t1_ja7v0bs wrote
I have seen language to that effect on leases. That's why guarantors usually need 5-10x income instead of 3x income for apartments, they assume you have other financial obligations related to your own housing.
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