I’m No Co-Signer

Carter’s future apartment co-signer lease arrived today. It needs to be signed notarized and sent back by next week. It is a simple form. Just wants the name and address of the co-signer as well as employer and salary. Turns out I am no help in this case. With no real salary and no good employer I would not help Carter qualify for her lease. Thank goodness for Russ.

When my mother was filling out an application for a retirement community she called me because they had a question about salary and she thought she was not going to qualify since neither she, nor my father have a salary or employer anymore. I told her that it was a silly question for retired people. She qualified without the salary.

I remember years ago when I was purchasing a house before I was married. I had a sales job, so my “salary” was not enough to qualify me for my mortgage. Most of my income was commission, but that was looked down upon by the bank. I had plenty of money in the bank and should have had no trouble qualifying. When the banker called with their concerns I had this discussion. “Why do you only care about someone’s salary? They could lose that job tomorrow and then have nothing. Why don’t you care about someone who is a good saver with a great record of earnings even though it wasn’t just salary?” I eventually “sold” the guy on giving me the loan.

That banker said the bank cared more about salary than actual cash on hand. Seems silly to me, but it w the eighties, hopefully that thinking has changed. Despite being a good saver I am not qualified to help my daughter out. At least no one else will ask me to help them. I’m no co-signer.

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