Quote Originally Posted by _Cathy_ View Post
What are the implications if I agree to be a "co-borrower"?

My kuya called me today and is requesting me to be a co-borrower for a property he bought in Tagaytay. The property is under the name of her sister (BTW my kuya is my first cousin who is like a real brother to me). He can't put it under his name because he does not want his ex-wife (still technically married) to go after the property. We are only 2 persons employed in our family but he is closer to me and I think because I have a higher salary than my other cousin.

My problem is I might leave for Europe or US anytime for work. Also, my Kuya's family still has a case in the SC and I think the other family could run after their properties pa.

I'm worried that it might affect our properties or what happens if they default in payment? It might affect my credit history ba?

Help please. I want to be a good "sister" to her but I really cannot afford to have any issues in my finances right now.
How come he is asking you to be his co-borrower pero ayaw niya ipangalan property sa kanya?

If you will be the co-borrower, siya dapat ang principal borrower.

If it will be under your name like you said, no shade of anything will reflect na kasama siya sa loan.

Pero if he still is the principal borrower I assume it will be financed by a bank loan.

Bank will require your cousin to provide a CENOMAR proof na he is single

since iwas pusoy din ang bank in case he will be declaring himself as a single dude then here comes the wife coming for the property.


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