credit score

[Administrator]

When they pull a credit report on a co borrower and his/her score is not as good as the main borrower, will they go by the main borrower score to factor what interest rate will be paid or will they look at both borrowers score and determine the rate. Basically,a. Be the main borrower with good credit and get a lesser loan amount with a good interest rate orb. Have a co borrower on with not so good credit and get approve for a larger loan amount but pay a higher interest rate orc. Does the lender only look at the main borrowers credit score and considers the co borrower as additional income and does not factor in the credit score of the co borrower.


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(Source: mortgagefit.com)