If someone co-signs on a house, does that person have to stay on the loan the whole time or can they get off when my credit is good enough?
It's possible that the lender will agree to release a co-signer at some future date based on an updated evaluation of your creditworthiness. Often, the situation takes care of itself when a house is sold a few years after the loan is made, and the original owner proceeds with financing for a new home with no co-signer. However, if there is no such sale, it's certainly reasonable to request a release of the co-signer once credit has been established, with the understanding that the lender won't be obliged to grant the request.
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It's possible that the lender will agree to release a co-signer at some future date based on an updated evaluation of your creditworthiness. Often, the situation takes care of itself when a house is sold a few years after the loan is made, and the original owner proceeds with financing for a new home with no co-signer. However, if there is no such sale, it's certainly reasonable to request a release of the co-signer once credit has been established, with the understanding that the lender won't be obliged to grant the request.
