How will buying a home as a co-signer affect my credit?

Credit and mortgage advice Forums Buying Your Home Buying Your Home How will buying a home as a co-signer affect my credit?

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      Anonymous
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      My step father is buying a home and has asked me to co-sign on the loan with him. My current credit score is 719. He says, “You can co-sign on the loan with me for the first year, after that I’ll take you off.” Is “taking me off” even a possibility on a loan for a house? Also, how will it ultimately affect my credit score AND is it recommended being that I am planning to purchase my own home in the next two to three years? Thank you very much in advance.



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