Finance
In Hawaii, what is a 'co-signer' (co-borrower) on a mortgage loan?
AA. A person who co-signs a check for the down payment
BB. A person who shares liability for the mortgage debt, often used to strengthen the application's creditworthiness✓ Correct
CC. A person who co-owns the property but is not on the mortgage
DD. The mortgage broker who facilitates the loan
Explanation
A co-signer/co-borrower shares responsibility for the mortgage debt. Their income and credit are considered by the lender, helping qualify for a loan the primary borrower might not qualify for alone.
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