Finance
A co-borrower on a mortgage application is:
AA person who guarantees the loan but does not take title
BAn additional borrower who is also on the loan and typically also on the title✓ Correct
CThe lender's mortgage servicer
DAn emergency contact for the borrower
Explanation
A co-borrower (versus a co-signer) typically is on both the mortgage note and the title deed. Their income, assets, and credit are all considered in qualifying for the loan.
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