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I have a house can I be co-borrower with my brother so that he can buy a house?

I bought a house and I am paying my mortgage with my wife. I would like to help my brother to borrow from the bank. Can anybody help me out, how it works?
My brother is thinking to buy a 400 k worth house. He will put 30% down. So he will borrow 250 k. How much he should make a week so that he can be qualified?

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This entry was posted on Wednesday, September 1st, 2010 at 2:11 am and is filed under Homes. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “I have a house can I be co-borrower with my brother so that he can buy a house?”

  1. Landlord Says:
    September 1st, 2010 at 2:11 am

    If your credit is good and you make enough income you will not have a problem. It works the same as it did for the house you already bought.

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