Contracts
A Louisiana 'co-borrower' on a mortgage differs from a 'co-signer' in that a co-borrower:
AHas no liability for the debt
BIs listed on the title and shares equal ownership and liability for the mortgage✓ Correct
COnly guarantees payment if the primary borrower defaults
DHas their income excluded from loan qualification
Explanation
A co-borrower is on the title and jointly owns the property — their income and debts are included in qualification, and they share equal liability. A co-signer guarantees the loan but may not be on the title or occupy the property.
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