Buying a house is an exhilarating stage in life. A home to call your own. Many people who today are homeowners would not have been able to get to the point of buying their house without the advantage of a cosigner. According to Forbes, one in six adults have cosigned on a loan at some point in their life. A cosigner is a great way for someone to get a mortgage when they don’t have enough of their own income to qualify for a mortgage loan. Cosigning may seem like a very simple and win-win favor you might do for the benefit of your family member or friend. However, cosigning is not always as simple as it sounds. There are risks involved and it is something that should be taken very seriously. What Is a Cosigner? One of the many requirements for a mortgage is having enough of your own …