The correct answer is Yes and No.

Being a co-signor on your student loan will be a debt counted against him.

However, presuming your student loan will have a deferment of payment while you are in school and that you have at least 2 years of school remaining. (meaning the payment will not be due until 30 months from now, 24 months of school + 6 month grace period = 30 months) The lender can waive that debt in the calculation of income.

He will need to provide proof of the deferment, so keep all of your student loan paperwork available for him.

Also, it may not be an issue, depending on his credit score. If his score is high enough, 750 or better, and the equity in the home is strong enough, 75% or less loan to value, it probably won’t matter as he’ll get a ‘rapid approval’ through automated underwriting.

Students who are looking for a bad credit student loan should pick three schools they are most interested in, talk to the admissions office, and ask what is needed to apply in their school.A bad creditdepending on whether you are a homeowner or not. The rate of interest to be paid on unsecured bad credit student loans is higher than that on secured bad credit student loans. This is because the secured bad credit student loans are backed by your home as a security.

That’s a question for the lending institution.

It most definitely will show up as a liablitly on his credit rating. but if his debt ratios are fine, he will still be able to refinance his home in spite of the fact. so it depends what else is on his credit rating, most loan officers will run a quick report to see if he can get the loan.

As long as his credit is good now and you make the loan payments on time, his credit should not be affected adversely. However, the loan may appear on his credit as a debt which would affect his debt to income ratio and that could cause an issue with the house refinance if his debt to income ratio is already high. If this happens, there is a way to counteract it. Consumers have a right to put a statement on their credit report explaining something/anything about a debt. IF the loan appears on his credit as a debt, he can write to the credit bureau and have a statement placed on his report indicating the loan is a co-signed debt and not a personal debt. He can also provide this letter to the loan officer handling his house refinance along with a copy of the student loan paperwork showing he simply co-signed for you. It shouldn’t be a problem.

yes. simple.